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प्रश्न
Anita and Anil are partners in a firm. On 1st April, 2024, they admitted Jia as a third partner. The capital accounts of the partners after considering the following adjustments on Jia’s admission are given below:
- Loss on revaluation due to depreciation on machinery @ 20% per annum.
- The General Reserve maintained in the old firm was not to be disturbed in the reconstituted firm.
Partners’ Capital Accounts
| Particulars | Anita (₹) | Anil (₹) | Jia (₹) | Particulars | Anita (₹) | Anil (₹) | Jia (₹) |
| To Goodwill A/c | 10,000 | 10,000 | - | By Balance b/d | 90,000 | 80,000 | - |
| To P&L A/c | 5,000 | 5,000 | - | By Bank A/c | - | - | 75,000 |
| To Revaluation A/c | 7,500 | 7,500 | - | By Premium for Goodwill A/c | 25,000 | 25,000 | - |
| To Balance c/d | 1,17,500 | 1,07,500 | 75,000 | By Jia’s Current A/c | 25,000 | 25,000 | - |
| 1,40,000 | 1,30,000 | 75,000 | 1,40,000 | 1,30,000 | 75,000 |
Additional information:
On 31st March, 2024, the firm of Anita and Anil, apart from plant and machinery and a bank balance of ₹ 2,15,000, had no other asset. You are required to prepare the Balance Sheet of the reconstituted firm on the date of Jia’s admission after considering the information given above.
उत्तर
| Balance Sheet of Anita, Anil and Jia As at 1st April, 2024 | ||||
| Liabilities | (₹) | Assets | (₹) | |
| Capital Accounts: | Cash at Bank | 3,40,000 | ||
| Anita | 1,17,500 | 3,00,000 | Plant & Machinery | 60,000 |
| Anil | 1,07,500 | Jia’s Current A/c | 50.000 | |
| Jia | 75,000 | |||
| General Reserve | 1,50,000 | |||
| 4,50,000 | 4,50,000 | |||
Working Notes:
Value of Machinery = `15,000 xx 100/20` = ₹ 75,000
Amount of General Reserve = `50,000 xx 3` = ₹ 1,50,000
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| Balance Sheet of Ashish and Vishesh as at 31st March, 2022 | |||||
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