[CBSE] Q 46 DK Goel Admission of a Partner Solutions Class 12 (2024-25)
The solution of Question number 46 of Admission of a Partner chapter 3 of DK Goel Class 12 CBSE (2024-25)
Q. 46. Ayushi and Shrishti are partners sharing profits in 3 : 2. Their Balance Sheet showed Stock at ₹ 3,10,000; Machinery at ₹ 4,95,000; Debtors at ₹ 6,00,000; Creditors at ₹ 3,47,000. They admit Tina as a partner and new profit sharing ratio is agreed at 4 : 3 : 2. Following terms were agreed:
(i) Machinery is overvalued by 10%.
(ii) Unrecorded debtors of ₹ 20,000 be brought into books and provision for doubtful debts be created at 10%.
(iii) Creditors of ₹ 27,000 are not likely to be paid.
Shrishti’s share in loss on revaluation amounted to ₹ 36,000. You are required to calculate the revalued value of stock.
[Ans. Revalued value of stock ₹ 2,80,000.]
Solution:-
