THE BRAIN TRAIN ACADEMY

DELHI CANTT

CHANGE IN PROFIT SHARING RATIO 1ST

CUET (UG) - Accountancy
Time Allowed: 1 hour Maximum Marks: 250

1. Aditya, Vishesh and Nimesh were partners in a firm sharing profits and losses equally. Aditya died on 1st July, [5]

2023. Remaining partners decided to continue the business of the firm and decided to share future profits in the
ratio of 4 : 3. The gaining ratio of Vishesh and Nimesh will be:

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a) 4 : 3 b) 1 : 1

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c) 3 : 2 d) 5 : 2
2. Current assets do not include: [5]

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a) Bills Receivable b) Inventory

c) Prepaid Expenses d) Goodwill

3. The adjustment required at the time of reconstitution of a partnership firm is/are [5]
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a) Adjustment of Goodwill b) Distribution of Accumulated profits and
reserves

c) All of these d) Revaluation of Assets and Reassessment of

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Liabilities
4. X and Y are partners sharing profits in the ratio of 3 : 2. They decide to share future profits in the ratio of 2 : 3. [5]
Investment Fluctuation Reserve of ₹ 50,000 appearing in the Balance Sheet, if no other information is available
EB

for change in the value of investments, will be

a) will be shown in the Balance Sheet of the b) distributed to the partners in their old profit-
reconstituted firm. sharing ratio.
TH

c) distributed between the partners in their new d) distributed to the partners in the sacrificing
profit-sharing ratio. ratio.
5. At the time of reconstitution of the firm (by way of change in profit-sharing ratio/admission/retirement or death [5]
of a partner), gaining partner compensates the sacrificing partner by paying proportionate amount of

a) Either Goodwill or Capital b) Goodwill

c) Both Goodwill and Capital d) Capital

6. Which of the following transactions will improve the quick ratio? [5]

a) All of these b) Issue of new shares for cash

c) Sale of goods on credit d) Sale of goods for cash

7. Mita, Veena and Atul were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Atul retired and [5]
his share was taken over by Mita and Veena in the ratio of 1 : 4. The new profit sharing ratio between Mita and

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 Veena after Atul's retirement will be:

a) 2 : 3 b) 3 : 2

c) 8 : 7 d) 7 : 3
8. Current Assets ₹ 85,000; Inventory ₹ 22,000; Prepaid Expenses ₹ 3,000. Then liquid assets will be: [5]

a) ₹ 60,000 b) ₹ 82,000

c) ₹ 1,10,000 d) ₹ 63,000
9. P, Q and R sharing profits in the ratio of 2 : 2 : 1. They decided to change their profit sharing ratio to 1 : 1 : 1 [5]
from 1st April 2021. On that date:

Liabilities Amount Assets Amount

Debtors 2,60,000

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Less: Provision For Doubtful Debts 20,000 2,40,000

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Additional information:
Bad Debts ₹ 40,000 were to be written off. A provision of 5% on Debtors to be made for bad and doubtful debts.
What will be the Revaluation Profit/Loss?

10.
a) Loss ₹ 31,000

c) Profit ₹ 40,000 TR
b) Loss ₹ 40,000

d) Profit ₹ 31,000
P, Q and R sharing profits in the ratio of 3 : 2 : 1. They decided to change their profit sharing ratio to 2 : 2 : 1 [5]
IN
from 1st April 2021. On that date:

Liabilities Amount Assets Amount

RA

Debtors 60,000

Additional information:
Bad Debts ₹ 6,000 were to be written off and a provision of ₹ 3,000 was to be made for bad and doubtful debts.
EB

What will be the Revaluation Profit/Loss?

a) Profit ₹ 9,000 b) Profit ₹ 6,000

c) Loss ₹ 9,000 d) Loss ₹ 6,000

TH

11. Milan, Khilan and Silam were partners sharing profits in the ratio of 2 : 2 :1 . They decided to share future [5]

profits in the ratio of 7 : 5 : 3 with effect from 1st April, 2019. After the revaluation of assets and re-assessment
of liabilities, Revaluation account showed a loss of ₹ 15,000. The amount to be debited in the capital account of
Milan because of loss on revaluation will be:

a) ₹ 6,000 b) ₹ 15,000

c) ₹ 7,000 d) ₹ 5,000
12. Match the followings: [5]
A, B and C are partners in a firm sharing Profits and loss in the ratio of 5 : 3 : 2, they decided to share profits and
losses in the ratio of 4 : 3 : 3 w.e.f. 01.04.2021.

(a) Revaluation Profit = 10,000 (i) A =5,000 (Dr.); B = 3,000 (Dr.); C = 2,000 (Dr.)

(b) Revaluation Loss = 10,000 (ii) A = 10,000 (Dr.); B = 6,000 (Dr.); C =4,000 (Dr.)

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 (c) Goodwill appeared in the book = 20,000 (iii) A =5,000 (Cr.); B = 3,000 (Cr.); C = 2,000 (Cr.)

(d) Goodwill valued = 20,000 (iv) A =2,000 (Cr.); B = Nil; C = 2,000 (Dr.)

a) (a) - (iv); (b) - (i); (c) - (iii); (d) - (ii) b) (a) - (iii); (b) - (i); (c) - (ii); (d) - (iv)

c) (a) - (ii); (b) - (iii); (c) - (iv); (d) - (i) d) (a) - (iii); (b) - (i); (c) - (iv); (d) - (ii)
13. Match the followings: [5]

(a) Stock is overvalued by ₹ 10,000 (i) Revaluation Profit = ₹ 10,000

(b) Stock is undervalued by ₹ 10,000 (ii) Revaluation loss = ₹ 12,000

(c) Unrecorded asset ₹ 12,000 (iii) Revaluation loss = ₹ 10,000

(d) Unrecorded liability = ₹ 12,000 (iv) Revaluation Profit = ₹ 12,000

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a) (a) - (ii); (b) - (iii); (c) - (iv); (d) - (i) b) (a) - (iii); (b) - (i); (c) - (iv); (d) - (ii)

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c) (a) - (iii); (b) - (i); (c) - (ii); (d) - (iv) d) (a) - (iv); (b) - (i); (c) - (iii); (d) - (ii)
14. An account prepared to carry out the scheme of revaluation of assets and reassessment of liabilities: [5]

a) Profit and Loss Account b) Revaluation account

15.
c) Memorandum Balance Sheet
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d) Realisation Account
Which account will be prepared to record the adjusting amount of assets and liabilities?

a) Profit and Loss Adjustment Account b) Revaluation Account

[5]
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c) Profit and Loss Appropriation Account d) Realisation Account
16. A, B and C are partners in a firm sharing profits in the ratio of 3 : 4 : 1. They decided to share profits equally [5]
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w.e.f. 1st April, 2023. On that date the Profit and Loss Account showed the credit balance of ₹ 96,000. Instead of
closing the Profit and Loss Account, it was decided to record an adjustment entry reflecting the change in profit
sharing ratio. In the journal entry:
EB

a) Cr. A by ₹ 16,000; Cr. B by ₹ 4,000; Dr. C b) Cr. A by ₹ 4,000; Cr. B by ₹ 16,000; Dr. C
by ₹ 20,000 by ₹ 20,000

c) Dr. A by ₹ 4,000; Dr. B by ₹ 16,000; Cr. C d) Dr. A by ₹ 16,000; Dr. B by ₹ 4,000; Cr. C
TH

by ₹ 20,000 by ₹ 20,000
17. What adjustments are required when existing partners decide to change their profit sharing ratio: [5]

a) Goodwill b) Reserves and Accumulated profits

c) Realisation Account d) Both Goodwill and Reserves and

Accumulated profits
18. X, Y and Z are partners in a firm sharing profits in the ratio 4 : 3 : 2. Their Balance Sheet as at 31 March 2023 [5]
showed a debit balance of Profit & Loss A/c ₹ 1,80,000. From 1 April 2023 they will share profits equally. In the
necessary journal entry to give effect to the above arrangement when X, Y and Z decided not to close the Profit
& Loss Acccount:

a) Cr. X by ₹ 40,000; Dr. Z by ₹ 40,000 b) Dr. X by ₹ 20,000; Cr. Z by ₹ 20,000

c) Dr. X by ₹ 40,000; Cr. Z by ₹ 40,000 d) Cr. X by ₹ 20,000; Dr. Z by ₹ 20,000

19. A, B and C are sharing profits in the ratio of 1 : 1 : 1. They decided to share profits in the ratio of 2 : 3 : 5. On [5]

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 this date balance sheet of the firm showed a debit balance of ₹ 1,20,000 in Profit and Loss Account.
B's Capital Account will be:

a) Debit by ₹ 36,000 b) Credit by ₹ 36,000

c) Credit by ₹ 40,000 d) Debit by ₹ 40,000

20. Which of the following is written off by the partners at the time of reconstitution of firm? [5]

a) Advertisement Suspense b) Goodwill (given in B/S)

c) Preliminary Expense d) All of these

21. Red, Blue and White were partners in a firm sharing profits in the ratio of 1 : 2 : 2. They decided to share future [5]

profits in the ratio of 7 : 5 : 3 with effect from 1st April 2023. Their Balance Sheet as on that date showed a
balance of ₹ 22,500 in Deferred Revenue Expenditure Account. The account to be debited respectively to the

N
capital accounts of Red, Blue and White for writing off Deferred Revenue Expenditure will be:

a) ₹ 7,500; ₹ 7,500 and 7,500 b) ₹ 10,500; ₹ 7,500 and ₹ 4,500

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c) ₹ 11,250; Nil and ₹ 11,250 d) ₹ 4,500; ₹ 9,000 and ₹ 9,000
22. State the ratio in which the partners share all the accumulated profits, reserves, losses & fictitious assets in case [5]

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of change in profit sharing ratio.

a) New Ratio b) Only Gain Ratio

c) Old Profit Sharing Ratio d) Sacrificing Ratio

IN
23. Sia, Tom and Vidhi were partners in a firm sharing profits in the ratio of 3 : 2 : 1. With effect from 1st April, [5]
2023, they decided to share profits and losses in the future in the ratio of 1 : 2 : 3. There existed a Debit Balance
RA

of ₹ 60,000 in Profit and Loss Account on that date. The necessary journal entry for distribution of the balance
in the Profit and Loss Account will be:

Date Particulars Dr. Amount (₹) Cr. Amount (₹)

EB

Sia's Capital A/c Dr. 30,000

Tom's Capital A/c Dr. 20,000

(A)
Vidhi's Capital A/c Dr. 10,000
TH

To Profit and Loss A/c 60,000

Sia's Capital A/c Dr. 10,000

Tom's Capital A/c Dr. 20,000

(B)
Vidhi's Capital A/c Dr. 30,000

To Profit and Loss A/c 60,000

Sia's Capital A/c Dr. 20,000

(C)
To Vidhi's Capital A/c 20,000

Vidhi's Capital A/c Dr. 20,000

(D)
To Sia's Capital A/c 20,000

a) Option (A) b) Option (B)

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 c) Option (C) d) Option (D)
24. E, F and G are partners sharing profits in 7 : 6 : 5 ratio. Their fixed capitals are Rs, 70,000, Rs. 40,000 and Rs. [5]
80,000 respectively. It is now decided that the total capital of the firm should be Rs. 3,60,000 and should be in
the profit sharing ratio of the partners. Calculate the amount of capital to be contributed by the individual
partners.

a) E will contribute Rs 20,000; F 80,000 and G b) E will contribute Rs 80,000; F 70,000 and G
Rs 70,000 Rs 20,000

c) E will contribute Rs 70,000; F 20,000 and G d) E will contribute Rs 70,000; F 80,000 and G
Rs 80,000 Rs 20,000
25. Profit and Loss adjustment account differs from Profit and Loss Appropriation account which is prepared to [5]
show the effect of

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a) Change in Capital Accounts b) Change in Current Accounts

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c) Depreciation charged on assets d) Revaluation of assets and re-assessment of
liabilities
26. Which of the following is shown in the debit side of the partners’ capital account? [5]

a) P/L Appropriation Account (Profit)

c) Profit on revaluation TR
b) Loss on revaluation

d) Profit and Loss Account (Cr.balance)

[5]
Neeraj and Preetam are partners sharing profits equally. They changed their profit-sharing ratio to 2 : 3 w.e.f. 1st
IN
27.
April, 2022. The assets were revalued, and liabilities were reassessed on that date which resulted in a loss of ₹
80,000. It will be transferred to their Capital Accounts by:
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i. Debiting Neeraj's Capital Account and Preetam's Capital Account by ₹ 40,000 each.
ii. Debiting Neeraj's Capital Account and Preetam's Capital Account by ₹ 80,000 each.
iii. Crediting Neeraj's Capital Account and Preetam's Capital Account by ₹ 40,000 each.
EB

iv. Crediting Neeraj's Capital Account and Preetam's Capital Account by ₹ 80,000 each

a) Statement (i) is correct. b) Statement (iv) is correct.

c) Statement (iii) is correct. d) Statement (ii) is correct.

TH

28. Revaluation Account will be debited when: [5]

a) Value of fixed asset decreases b) Value of fixed asset increases

c) When provision for doubtful debts decreases d) Value of liabilities reduces

29. On admission of a new partner, the old partners share the gain or loss on revaluation of assets and reassessment [5]
of liabilities in which of the following ratio:

a) In new profit sharing ratio b) Equally

c) In sacrificing ratio d) In old profit sharing ratio

30. The purpose of the revaluation account is to ascertain the [5]

a) Reassessment b) Revaluation Profit/Loss

c) Actual value of debtors d) Both Revaluation Profit/Loss and

Reassessment

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31. Goodwill of the firm is 30,000. The gain of A is 1

6
and Sacrifice of B is 1

6
. How will goodwill adjust? [5]

a) Debit Goodwill with Rs.10,000 and Credit b) Debit A and Credit B with Rs. 5,000
A and B with Rs.5,000 each

c) Debit B and Credit A with Rs. 5,000 d) Debit A and B with Rs. 15,000 each and
Credit Goodwill with Rs. 30,000
32. How is goodwill treated when there is a change in the profit sharing ratio? [5]

a) The gaining partners give the amount of b) The gaining partners give the proportionate
goodwill to the sacrificing partner. amount of goodwill to the sacrificing
partner.

c) The gaining partners give the proportionate d) The sacrificing partner give the
amount of goodwill to the sacrificing proportionate amount of goodwill to the

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partner. gaining partner.

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33. What should be the amount of compensation if the partners of the firm decide to change their profit share ratio: [5]

a) Amount of compensation = value’s of firm b) Amount of compensation = value’s of firm

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goodwill × share of profit gained goodwill × share of profit sacrificed

c) Amount of compensation = Profit of the d) Amount of compensation = value’s of firm

year × share of profit gained goodwill × share of loss sacrificed
34. Match the followings: [5]
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(a) Old Ratio - New Ratio (i) Gaining Ratio

(b) New Ratio - old ratio (ii) Nil

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(c) Goodwill appeared in balance sheet (iii) Old ratio

(d) Workmen compensation reserve 10,000; Workmen compensation claim 10,000 (iv) Sacrificing Ratio
EB

a) (a) - (iv); (b) - (i); (c) - (iii); (d) - (ii) b) (a) - (iii); (b) - (i); (c) - (ii); (d) - (iv)

c) (a) - (ii); (b) - (iii); (c) - (iv); (d) - (i) d) (a) - (iii); (b) - (i); (c) - (iv); (d) - (ii)
35. When there is a change in the profit-sharing ratio, what entry will be passed to make an adjustment for goodwill [5]
in case the partner's capital is fixed:
TH

a) Gaining Partner’s b) Gaining Partner’s

Sacrificing ratio Gaining ratio
Current A/c Current A/c

To Sacrificing Partner’s To SacrificingPartner’s

Gaining ratio Gaining ratio
Current A/c Current A/c

c) SacrificingPartner’s Sacrificing d) Gaining Partner’s

Gaining ratio
Current A/c ratio Current A/c

To Gaining Partner’s Sacrificing To Sacrificing Partner’s

Sacrificing ratio
Current A/c ratio Current A/c

36. P, Q and R were partners in a firm sharing profits in 5 : 3 : 2 ratio. They decided to share the future profits in 2 : [5]
3 : 5. For this purpose the goodwill of the firm was valued at ₹ 1,20,000. In adjustment entry for the treatment of

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 goodwill due to change in the profit sharing ratio:

a) Cr. P by ₹ 36,000; Dr. R by ₹ 36,000 b) Cr. P by ₹ 24,000; Dr. R by ₹ 24,000

c) Dr. P by ₹ 36,000; Cr. R by ₹ 36,000 d) Cr. P by ₹ 60,000; Dr. R by ₹ 60,000

37. P and Q were partners sharing profits and losses in the ratio of 3 : 2. They decided that with effect from 1st [5]
January, 2023 they would share profits and losses in the ratio of 5 : 3. Goodwill is valued at ₹ 1,28,000. In
adjustment entry:

a) Dr. P by ₹ 3,200; Cr. Q by ₹ 3,200 b) Dr. P by ₹ 37,000; Cr. Q by ₹ 37,000

c) Cr. P by ₹ 37,000; Dr. Q by ₹ 37,000 d) Cr. P by ₹ 3,200; Dr. Q by ₹ 3,200

38. A, B and C are partners sharing profits in the ratio of 4 : 3 : 2 decided to share profits equally. Goodwill of the [5]
firm is valued at ₹ 10,800. In adjusting entry for goodwill:

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a) A’s Capital A/c Cr. by ₹ 3,600; B’s Capital b) A’s Capital A/c Dr. by ₹ 1,200; C’s Capital
A/c Cr. by ₹ 3,600; C’s Capital A/c Cr. by ₹ A/c Cr. by ₹ 1,200;

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3,600.

c) A’s Capital A/c Cr. by ₹ 1,200; C’s Capital d) A’s Capital A/c Cr. by ₹ 4,800; B’s Capital

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A/c Dr. by ₹ 1,200 A/c Cr. by ₹ 3,600; C’s Capital A/c Cr. by ₹
2,400.
39. P, Q and R are partners sharing profits and losses in the ratio of 5:3:2 decide to share future profits and losses [5]
equally with effect from 1st April 2012. The goodwill of the firm has been valued at Rs 1,80,000. Which entry to
IN
be passed among the following when no goodwill appears in the book.

a) Q’s Capital b) Q’s Capital

Dr. 8,000 Dr. 24,000
RA

A/cDr. A/cDr.
R’s Capital R’s Capital
Dr. 22,000 Dr. 6,000
A/cDr. A/cDr.
EB

To P’s To P’s
30,000 30,000
Capital A/c Capital A/c

c) Q’s Capital d) Q’s Capital

Dr. 6,000 Dr. 6000
A/cDr. A/cDr.
TH

P’s Capital R’s Capital

Dr. 24,000 Dr. 24000
A/cDr. A/cDr.
To R’s To P’s
30,000 30000
Capital A/c Capital A/c

40. Avya, Divya and Kavya were equal partners. They decided to change the profit sharing ratio to 4 : 3 : 2. For this [5]
purpose the goodwill of the firm was valued at ₹ 90,000.
The journal entry for the treatment of goodwill on change in profit sharing ratio will be:

Particulars L.F. Debit Amount (₹) Credit Amount (₹)

(a) Kavya's Capital A/c Dr. 10,000

To Avya's Capital A/c 10,000

(b) Divya's Capital A/c Dr. 10,000

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 To Avya's Capital A/c 10,000

(c) Avya's Capital A/c Dr. 90,000

To Kavya's Capital A/c 90,000

(d) Avya's Capital A/c Dr. 10,000

To Kavya's Capital A/c 10,000

a) Option (d) b) Option (b)

c) Option (c) d) Option (a)

41. X, Y and Z are sharing profits in the ratio of 1 : 1 : 1. They decided to share profits in the ratio of 2 : 3 : 5. The [5]
goodwill of the firm was valued at ₹ 3,60,000.
Z's Capital Account will be:

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a) Credited by 12,000 b) Credited by 1,20,000

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c) Credited by 48,000 d) Debited by 60,000
42. Amit, Govind and Kiran were sharing profits in the ratio of 5 : 3 : 2. From 1st April 2021, they decided to share [5]

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the profits equally. Goodwill of the firm was valued ₹ 2,40,000.
For adjustment of Goodwill, Kiran's Capital Account will be:

a) Credited with ₹ 32,000 b) Debited with ₹ 8,000

IN
c) Credited with ₹ 8,000 d) Debited with ₹ 32,000

43. X and Y shared profits and losses in the ratio of 3 : 2. With effect from 1st April, 2023, they decided to share [5]

profits equally. The goodwill of the firm was valued at ₹ 60,000. The adjustment entry will be:
RA

a) Dr. Y's Capital A/c and Cr. X's Capital A/c b) Dr. X's Capital A/c and Cr. Y's Capital A/c
by ₹ 6,000 by ₹ 600

c) Dr. Y's Capital A/c and Cr. X's Capital A/c d) Dr. X's Capital A/c and Cr. Y's Capital A/c
EB

by ₹ 600 by ₹ 6,000
44. Shivam and Pinki were partners in a firm sharing profits in 3 : 2 ratio. From 1st April 2021, they decided to [5]
change it to 3 : 1. For this purpose the goodwill of the firm was valued at ₹ 1,20,000.
TH

Pinki's Capital Account will be:

a) Debited with ₹ 30,000 b) Debited with ₹ 18,000

c) Debited by ₹ 48,000 d) Credited with ₹ 18,000

45. Geeta and Sita are partners in a firm sharing-profits in the ratio of 3 : 2. They decide to share future profits [5]
equally. For this purpose, the goodwill of the firm has been valued at Rs. 50,000. Record necessary adjustment
entry for the same.

a) Dr. Sita and Cr. Geeta by Rs. 5,000 b) Dr. Sita and Cr. Geeta by Rs. 4,500

c) Dr. Sita and Cr. Geeta by Rs. 4,000 d) Dr. Geeta and Cr. Sita by Rs. 5,000
46. X, Y and Z are partners in firm sharing profits in 3 : 2 : 1 ratio. They decided to share profits equally with effect [5]
from April 1, 2003. For this purpose, the goodwill of the firm has been valued at Rs. 3,00,000. Calculate the
amount of gain or sacrifice of each partner.

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 a) Both X and Y's Gain share of goodwill Rs. b) Z’s Gain share of goodwill 50,000
50,000

c) X’s Gain share of goodwill 50,000 d) Y’s Gain share of goodwill 50,000
47. Which of the following statement is not correct? [5]
i. Change in profit sharing ratio leads to dissolution of partnership and not the firm.
ii. Sacrificed Share = Old Share - New Share
iii. Gain Share = New Share - Old Share
iv. Self-generated goodwill is shown in the assets side of Balance Sheet

a) Option (iii) b) Option (i)

c) Option (iv) d) Option (ii)

Ria and Surbhi were partners in a firm sharing profits and losses in the ratio of 3 : 2. With effect from 1st April, [5]

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48.
2022, they agreed to share profits equally. The goodwill of the firm was valued at ₹ 3,00,000. The adjustment

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will be done by which of the following transaction?

a) Debiting Ria's account by ₹ 3,000 and b) Debiting Ria's account by ₹ 30,000 and

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crediting Surbhi's account by ₹ 3,000. crediting Surbhi's account by ₹ 30,000.

c) Debiting Surbhi's account by ₹ 30,000 and d) Debiting Surbhi's account by ₹ 3,000 and
crediting Ria's account by ₹ 30,000. crediting Ria's account by ₹ 3,000.
49. X,Y and Z shared profits and losses in the ratio of 3:2:1 respectively. With effect from 1st April 2012 they [5]
IN
agreed to share profits equally. The goodwill of the firm was valued at ₹18000.What will be the entry when
goodwill A/c is adjusted
RA

a) b)
Goodwill A/cDr. 18000 Goodwill A/cDr. 18000
To X’s Capital A/c 6000 To X’s Capital A/c 6000
To Y’s Capital A/c 1000 To Y’s Capital A/c 9000
EB

To Z’s Capital A/c 3000 To Z’s Capital A/c 3000

c) d)
Goodwill A/cDr. 18000
To X’s Capital A/c 3000 Z’s Capital A/c Dr. 3000
TH

To Y’s Capital A/c 6000 To X’s Capital A/c 3000

To Z’s Capital A/c 9000

50. Neema, Diksha and Kusum were equal partners. They decided to change the profit sharing ratio to 4 : 3 : 2. For [5]
this purpose the goodwill of the firm was valued at ₹ 90,000. The journal entry for the treatment of Goodwill on
change in profit sharing ratio will be:

a) Debit Credit b) Debit Credit

Particular Particular
(₹) (₹) Amt. (₹) Amt. (₹)

Kusuml’s Capital Diksha’s

Dr. 10,000 Dr. 10,000
A/c. Capital A/c

To Neema’s Capital 10,000 To Neema’s 10,000

A/c Capital A/c

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c) Debit Credit d) Debit Credit
Particular Particular
Amt. (₹) Amt. (₹) Amt. (₹) Amt. (₹)

Neema’s Neema’s
Dr. 10,000 Dr. 90,000
Capital A/c Capital A/c

To Kusum’s To Kusum’s
10,000 90,000
Capital A/c Capital A/c

N
AI
TR
IN
RA
EB
TH

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