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प्रश्न
Divya and Ekta were partners in a firm sharing profits in the ratio of 3 : 1. On 31st March, 2023 they admitted Sona as a new partner for 1/4th share in the profits of the firm. Their Balance Sheet on that date was as follows:
| Balance Sheet of Divya and Ekta as at 31st March, 2023 |
|||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) | Amount (₹) |
| Capitals: | 17,00,000 | Land and Building | 5,00,000 | ||
| Divya | 10,00,000 | Machinery | 6,00,000 | ||
| Ekta | 7,00,000 | Stock | 1,50,000 | ||
| General Reserve | 3,20,000 | Debtors | 4,00,000 | ||
| Creditors | 5,40,000 | Less: Provision for doubtful debts | 30,000 | 3,70,000 | |
| Investments | 5,00,000 | ||||
| Cash | 4,40,000 | ||||
| 25,60,000 | 25,60,000 | ||||
Sona will bring ₹ 4,00,000 as her capital and her share of goodwill in cash. It was agreed that:
- Goodwill of the firm was valued at ₹ 2,40,000.
- Land & Building were valued at ₹ 7,12,000.
- Provision for doubtful debts was found to be in excess by ₹ 8,000.
- A liability for ₹ 20,000 included in creditors was not likely to arise.
- The capitals of Divya and Ekta will be adjusted on the basis of Sona's capital by opening current accounts.
Prepare Revaluation Account and Partners' Capital Accounts.
खातेवही
उत्तर
| Dr. | Revaluation Account | Cr. | |||
| Particulars | Amount (₹) | Amount (₹) | Particulars | Amount (₹) | Amount (₹) |
| To Partners' Capital A/c | By Land and Building | 2,12,000 | |||
| Divya | 1,80,000 | By P.B.D | 8,000 | ||
| Ekta | 60,000 | 2,40,000 | By Creditors | 20,000 | |
| 2,40,000 | 2,40,000 | ||||
| Dr. | Partners' Capital A/c | Cr. | |||||
| Particulars | Divya | Ekta | Sona | Particulars | Divya | Ekta | Sona |
| To Balance c/d | 14,65,000 | 8,55,000 | 4,00,000 | By Balance b/d | 10,00,000 | 7,00,000 | |
| By Revaluation A/c | 1,80,000 | 60,000 | |||||
| By Cash A/c | 4,00,000 | ||||||
| By General Reserve A/c | 2,40,000 | 80,000 | |||||
| By Premium for Goodwill | 45,000 | 15,000 | |||||
| 14,65,000 | 8,55,000 | 4,00,000 | 14,65,000 | 8,55,000 | 4,00,000 | ||
| To Current A/c | 2,65,000 | 4,55,000 | By Balance b/d | 14,65,000 | 8,55,000 | 4,00,000 | |
| To Balance c/d | 12,00,000 | 4,00,000 | |||||
| 14,65,000 | 8,55,000 | 4,00,000 | 14,65,000 | 8,55,000 | 4,00,000 | ||
Working Note:
Calculation of closing capitals of Divya and Ekta:
Sona's capital for `1/4"th"` share = 4,00,000
Total capital of the firm = 4,00,000 × 4 = ₹ 16,00,000
Divya's new capital = `16,00,000 xx 3/4` = ₹ 12,00,000
Ekta's new capital = `16,00,000 xx 1/4` = ₹ 4,00,000
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