Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022:
Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022:
| Liabilities | ₹ | Assets | ₹ |
| Sundry Creditors | 80,000 | Cash at Bank | 20,000 |
| Reserve | 1,00,000 | Debtors | 70,000 |
| Profit & Loss A/c | 40,000 | Stock | 1,80,000 |
|
Capital Accounts: X Y |
2,70,000 1,60,000 |
Machinery | 3,50,000 |
| Â | Â | Goodwill | 30,000 |
| Â | 6,50,000 | Â | 6,50,000 |
Anurag Pathak Changed status to publish September 1, 2024
