>.A cheJue of s.%I5&& deposited on %5th MayI !&&? was dishonoured on %Kth 2uneI !&&? butnot intimated by the bank till >&th 2uneI !&&??.;ank charges not recorded in the cash book s.%I&&&5.-nterest on oerdraft not intimated s.%I!&& A8reparation of ;ank reconciliation statement%&%&
Maur# 8eer and Pra'ash are partners sharing profit and losses in the ratio of 26161.TheirBalance Sheetwas as follows6
Balance Sheet of Mayur, Veer an Pra!ash as on Dece"#er 3$, %00&'ia#ilities"ountssets"ount
reditors10#000ashin 9and:#000 Bills paa-le:#000Machiner13#000 Stoc'2#000 apitals6Maur$0#0008eer30#000Pra'ash20#000;0#000"e-tors/n(estmentBuilding2#0001%#00020#000
Pra'ash has epired on 01.01.200; and as a result the assets are re(alued andlia-ilities reassessedasfollows6i7reate aPro(isionfordou-tfulde-tonde-torsat+s.00.ii7Buildingand in(estmentare appreciated -10*.iii7 Machineris depreciatedat%*i(7 reditorswere o(erestimated -+s.%00.(7<oodwillofthefirm(alued at+s.2:#000T=9 ,">"?9 <@9 + P"C"8= DL>> ,9 "?8/99< + =L8 9E9@+F8 >+"? "+@? D=L=carries an interest of 10* p.a. Prepare necessar ledger accounts and show the-alance sheetofnewfirmafteradGustments.
A8reparation of ledger accounts8reparation of balance sheet55%& #ALAnswer
Answer all Juestions. ,indly note that answers for %& marks Juestions should be approximately of ?&& words. Each Juestion is followed by ealuation scheme.