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1) The partner who died. 2) Fee paid by the member of Not for profit...

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Accounting

1) The partner who died. 2) Fee paid by the member of Not for profit concern' for acquiring membership 3) Expenses which are paid before they are due 4) Name of intangible asset having a value. Q.2 Reema and Recta are partners sharing profits and losses as 2:3. Their total balance as on 31" March 2018 is given below. You are required to prepare Trading and Profit & Loss A/c for the year ending 31 March 2018 and Balance sheet on that date after taking into account the given adjustments. Trial Balance as on 31" March/2018 Amount () Debit Balance Purchases Patent rights Building Stock (1 April 2017) Printing and Stationery Sundry debtors Furniture & fixtures 10% investments (purchased on 30/09/2017) Cash Provident fund contribution 98,000 4000 1,00,000 15,000 1,750 35,000 8,000 10,000 23,200 800 2,95,750 Credit Balance Capitals - Reema Recta Provident fund Creditors Bank loan Sales RD.D. Purchase Returns Amount () 30,000 40,000 7,000 45,000 12,000 1,58,000 250 3,500 2,95,750

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