Chemistry, 10.08.2021 14:00 melissadelcid43
Q2. Sakina, Sanjana and Sakshi are partners in the firm ‘ SSS Stores’ sharing Profits
and Losses in the ratio of 3:2:1 respectively.
On 31st March 2018, they decided to dissolve the firm when their Balance Sheet (10)
was as under.
Balance Sheets as on 31st March 2018.
Liabilities Amount
₹
Assets Amount
₹
Creditors 28,800 Building 1,02,000
Bills Payable 21,600 Machinery 73,000
Capital A/c’s Motor Car 1,67,600
Sakina 2,27,160 Goodwill 45,600
Sanjana 1,44,000 Investment 62,400
Sakshi 1,08,000 Debtors 30,600
Stock 45,000
Bank 3,360
5,29,560
Answers: 3
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Q2. Sakina, Sanjana and Sakshi are partners in the firm ‘ SSS Stores’ sharing Profits
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