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प्रश्न
Arnav, Bhavi and Chavi were in partnership, sharing profits and losses in the ratio of 3 : 2 : 1. On 31st March, 2023, their Balance Sheet was as follows:
| Balance Sheet of Arnav, Bhavi and Chavi as at 31st March, 2023 | |||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) | Amount (₹) |
| Capitals: | 4,40,000 | Plant and Machinery | 3,00,000 | ||
| Arnav | 1,80,000 | Furniture | 20,000 | ||
| Bhavi | 1,60,000 | Debtors | 3,50,000 | 3,30,000 | |
| Chavi | 1,00,000 | Less: Provision for doubtful debts | 20,000 | ||
| Creditors | 2,50,000 | Cash in hand | 10,000 | ||
| Profit and Loss Account | 30,000 | ||||
| 6,90,000 | 6,90,000 | ||||
Chavi retired on the above date. It was agreed that:
- Plant and Machinery be valued at ₹ 4,30,000.
- The existing Provision for Bad Debts was to be increased by 50%.
- Chavi's share of Goodwill was valued at ₹ 80,000 and the same was to be treated without opening a Goodwill account.
- The total amount to be paid to Chavi was brought in by Arnav and Bhavi in such a way as to make their capitals in proportion to their new profit-sharing ratio.
Prepare Revaluation Account and Partners' Capital Accounts.
खाता बही
उत्तर
| Dr. | Revaluation Account | Cr. | |
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| To P.B.D | 10,000 | By Plant and Machinery | 1,30,000 |
| To Arnav's Capital A/c | 60,000 | ||
| To Bhavi's Capital A/c | 40,000 | ||
| To Chavi's Capital A/c | 20,000 | ||
| 1,30,000 | 1,30,000 | ||
| Dr. | Partners' Capital Account | Cr. | |||||
| Particulars | Arnav | Bhavi | Chavi | Particulars | Arnav | Bhavi | Chavi |
| To Chavi's Capital A/c | 48,000 | 32,000 | By Balance b/d | 1,80,000 | 1,60,000 | 1,00,000 | |
| To Profit and Loss A/c | 15,000 | 10,000 | 5,000 | By Revaluation A/c | 60,000 | 40,000 | 20,000 |
| To Balance c/d | 1,77,000 | 1,58,000 | 1,95,000 | By Arnav's Capital A/c | 48,000 | ||
| By Bhavi's Capital A/c | 32,000 | ||||||
| 2,40,000 | 2,00,000 | 2,00,000 | 2,40,000 | 2,00,000 | 2,00,000 | ||
| To Cash A/c | 1,95,000 | By Balance b/d | 1,77,000 | 1,58,000 | 1,95,000 | ||
| To Balance c/d | 3,18,000 | 2,12,000 | By Cash A/c | 1,41,000 | 54,000 | ||
| 3,18,000 | 2,12,000 | 1,95,000 | 3,18,000 | 2,12,000 | 1,95,000 | ||
Working Note:
Combined adjusted capitals of all partners = 1,77,000 + 1,58,000 + 1,95,000
= ₹ 5,30,000
New Profit-sharing ratio = 3 : 2
New capital of Arnav = `5,30,000 xx 3/5`
= ₹ 3,18,000
New capital of Bhavi = `5,30,000 xx 2/5`
= ₹ 2,12,000
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