Page 1 : Achievers Academy, Test-10, | Subject: Book-Keeping & ae, |Std: Commerce (12th) Kedountaney Time: 1Hr 30 mii, (ate: 30/ANu01/2021 Chapter 4 & 5 Max Marks: 4, Ou Answer the following in one sentence only:, , . ” a, i) Lo whom you distribute General Reserve on death of a partner? ,, , 2) How death of a partner is a compulsory retirement?, , 3) How is Gain Ratio calculated?, , 4) Wn which ratio General Reserve is distributed on death of a partner?, Q2 Answer the follow (Retirement of a Partner): 2, , 1) Given below is a Balance Sheet of Raja, Rani and Pradhan who were partners in a firm sharing, profits andl losses in the ratio 5:3:2 Their Balange Sheet as on 31st March 2019 was as follows., /, , , , Balance Sheet as on 31-03-2019, , , , , , , , , , , , , , Liabibiey — [Amt® | Assets az, ( 8 eS 11,200 | Cash, 9,700 Debtors, 15,000 | Stock tj), Machinery =, 42,000 | Land, 37,000 | Furniture ——, 33,200, nal 1,48,100 c, , , , , , , , , , , , , , , , On Ist April 2018 Pradhan retired on the following terms., , |. Goodwill of the firm will be raised in the Books at 20,000, , Stock be reduced by 10 % and Furniture by 5% and Machinery by 11%, , R.B.D.D. be maintained at 5% on debtors., 200 to be written off from Creditors., 5. Out of the amount due to Pradhan 5000 to be paid by cash and remaining amount to be, transferred to his loan account., Prepare a) Profit and Loss adjustment Account, Partner's capital A/c, Balance sheet of new firm., , 2) Sathe. Deshpande and Madlani were partners sharing profit and losses in the ratio 5 : 2 : 3. Their, Balance Sheet as on 31st March, 2012 was as follows:, , Balance Sheet as on 31st March. 2012, , bw td, , , , , , , , , , , , , , Liabilities Amount Rs. | Assets | Amount Rs. |, Capital Plant and Machinety) 30.000, e | 70,000 | Building. —O) / 1,00,000 |, | 100 | Moror Van) 20.000 |, , $0,000 | Stock —6 30.000, 25,000 | Debtozs ~ 36,000 |, , B 12,000 | Less: R.D.D. = 2.000 34,000, 25.000 | Cash 28.000, , i 2,62,000 | 2,62,000, , , , , , , , , , Deshpande retired on that date in the following terms:, (1) Plant to be depreciated by 10% and Motor Van by 20%., (2) Stock to be appreciated by 10% and building by 20%., , Achievers Academy Shyam Sir:- +91 89834 1900!