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Balance sheet is not matching.... answer fast

Balance sheet is not matching.... answer fast SAMPLE PAPER - 4 Sundry Creditor. liencral Reserve : Employees Provident rund Workmen Compensation Reserve Capital Account'. : 3.20.noo 90 Fixed Assets Stock 6.00.000 4.00.000 10,00.0/'0 From 1st April 2016. the partners decided to change their profit sharing ratio to 3 : agreed that : (i) Fixed Assets should bc appreciated by 10%. (iO Stock be valued at and Dcbtorqat (iii) Claim on Ecount of Workmen Compensation is "0.000. (iv) An amount of 10,000 includcd in Creditors is not likely claimed. (v) The goodwill of the firm should bc valued at You are required to prepare Rcvaluation Account, Capital Accounts aml (be Balance Steel of the new firm.

Dear Student


It seems that you have posted an incomplete question as the old ratio between the partners is missing. Due to this, it is not possible to calculate Sacrificing and Gaining ratio and the correct solution can't be prepared.Please provide full question so that we can help you at the earliest.


Regards
 

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What is the old sharing ratio of partners?
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Actually the existing ratio among the partners is 5:3 and they decide to share future profit and losses in 3:5... Thanks for your answer

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