In the books of the firm.
Revaluation A/c
Particulars
|
Rs.
|
Rs.
|
Particulars
|
Rs.
|
Rs.
|
To Stock A/c
|
6000
|
By Buildings A/c
|
12000
| ||
By R.D.D.
[3000 - 1800]
|
1200
| ||||
To Profit on Revaluation A/c
| |||||
Darshan's Capital A/c
|
4800
| ||||
Amar's Capital A/c
|
2400
|
7200
| |||
13200
|
13200
|
Partners Capital A/c
Particulars
|
Darshan
|
Amar
|
Ranjit
|
Particulars
|
Darshan
|
Amar
|
Ranjit
|
By Balance b/d
|
96000
|
64000
| |||||
By General Reserve
|
12000
|
6000
| |||||
By Profit and Loss A/c
|
4000
|
2000
| |||||
By Cash A/c
|
48000
| ||||||
By Goodwill A/c
|
12000
|
6000
| |||||
To Balance c/d
|
128800
|
80400
|
48000
|
By Profit on Revaluation A/c
|
4800
|
2400
| |
128800
|
80400
|
48000
|
128800
|
80400
|
48000
|
Balance Sheet as on 1st April 2016
Liabilities
|
Rs.
|
Rs.
|
Assets
|
Rs.
|
Rs.
|
Creditors
|
80000
|
Building
|
100000
| ||
Pawan's Loan A/c
|
26000
|
(+) Appreciation
|
12000
|
112000
| |
(-) Repaid
|
- 26000
|
Nil
|
Furniture
|
20000
| |
Equipments
|
10000
| ||||
Capital A/c
|
Debtors
|
63000
| |||
Darshan
|
128800
|
(-) R.D.D.
|
- 1800
|
61200
| |
Amar
|
80400
|
Stock
|
84000
| ||
Ranjit
|
48000
|
257200
|
(-) Depreciation
|
- 6000
|
78000
|
Cash Balance
|
38000
| ||||
Goodwill
|
18000
| ||||
337200
|
337200
|
Cash A/c
Particulars
|
Rs.
|
Rs.
|
Particulars
|
Rs.
|
Rs.
|
To Balance b/d
|
16000
|
Pawan't Loan Repaid
|
26000
| ||
To Ranjit's Capital A/c
|
48000
| ||||
By Balance c/d
|
38000
| ||||
64000
|
64000
|
Goodwill A/c
Particulars
|
Rs.
|
Rs.
|
Particulars
|
Rs.
|
Rs.
|
To Darshan's Capital A/c
|
12000
| ||||
To Amar's Capital A/c
|
6000
| ||||
By Balance c/d
|
18000
| ||||
18000
|
18000
|