Meera, Myra, and Neera were partners sharing profits in the ratio of 2: 2: 1. They decided to share future profits in the ratio of 7: 5 : 3 with effect from 1st April 2019. Their Balance sheet as on that date showed a balance of ₹ 45,000 in the Advertisement Suspense Account. The amount to be debited respectively to the capital accounts of Meera, Myra and Neera for writing off the amount in the Advertisement Suspense Account will be: [1]
A. ₹ 18,000, ₹ 18,000 and ₹ 9,000
B. ₹ 15,000, ₹ 15,000 and ₹ 15,000
C. ₹ 21,000, ₹ 15,000 and ₹ 9,000
D. ₹ 22,500, ₹ 22.500, and Nil
Answer:A
Meera, Myra, and Neera were partners sharing profits in the ratio of 2: 2: 1. They decided to share future profits in the ratio of 7: 5 : 3 with effect from 1st April 2019. Their Balance sheet as on that date showed a balance of ₹ 45,000 in the Advertisement Suspense Account. The amount to be debited respectively to the capital accounts of Meera, Myra and Neera for writing off the amount in the Advertisement Suspense Account will be: [1]
A. ₹ 18,000, ₹ 18,000 and ₹ 9,000 B. ₹ 15,000, ₹ 15,000 and ₹ 15,000 C. ₹ 21,000, ₹ 15,000 and ₹ 9,000 D. ₹ 22,500, ₹ 22.500, and Nil