Solution 25 of cbse sample paper 2025-26 | Accountancy Class 12 ‪@sethsaccountancytricks‬

Solution 25 of cbse sample paper 2025-26 | Accountancy Class 12 ‎⁨@sethsaccountancytricks⁩  On the above date Barman retired and his share was acquired by Aman and Raman equally. Following agreements were agreed upon:- a) Create Provision for doubtful debts @ 10%. b) Market value of Building is ₹1,00,000 and Furniture was overvalued by 20%. c) Stock was valued at ₹ 55,000. Creditors of ₹ 15,000 took over stock of ₹ 10,000 in settlement of their claims. d) Goodwill of the firm was valued at ₹ 80,000. e) Prepaid Expenses are worthless and Outstanding Expenses are now ₹20,000. f) ₹ 20,000 was immediately paid to Barman on retirement brought in Aman and Raman in ratio 3:2. Prepare Revaluation Account and Partner’s Capital Account at the time of retirement of partner.