A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under:
A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under:
Balance Sheet as at 31st March, 2023
| Liabilities | ₹ | Assets | ₹ |
| Sundry Creditors | Plant and Machinery | 3,80,000 | |
| Capital Accounts: A B | 6,00,000 4,00,000 | Building | 4,20,000 |
| Stock | 84,000 | ||
| Debtors 1,40,000 Less PDD 10,000 | 1,30,000 | ||
| Cash | 26,000 | ||
| 10,40,000 | 10,40,000 |
Anurag Pathak Answered question September 1, 2024
