87 Prepaid Rent Current Assets Other Current Assets 88 Interest Accrued on Investment Current Assets Other Current Assets 89 Work-in-Progress Current Assets Inventories 90 Bills of Exchange Current Assets Trade Receivables 91 Stock of Finished Goods Current Assets Inventories 92 Stock-in-Trade Current Assets Inventories Balance with Banks held as Margin 93 Money Current Assets Cash and Cash Equivalents 94 Investment in Partnership Firms Current Assets Current Investments 95 Shares Capital Shareholders' Funds — 96 Reserves And Surplus Shareholders' Funds — Money Received Against Share 97 Warrants Shareholders' Funds — Arrears of Fixed Cumulative 98 Preference Dividend As a footnote as Contingent Liability Uncalled Liability on Partly Paid 99 Shares Commitments in Note to Accounts 100 Bills Discounted but not Matured Contingent Liabilities in Note to Accounts STUDY MATERIAL/ASSIGNMENT FOR THE LATE BLOOMERS ACADEMIC YEAR-2016-17 RETIRING OF A PARTNER AND DEATH OF A PARTNER Learning objectives:- to attempt small theoretical questions to find NPSR and SR/GR to make treatment of goodwill in the above cases to pass journal entries for Revaluation/Re-assessment, treatment of goodwill, distribution of past profits and losses, for the settlement of the retiring partner; to prepare Revaluation Account; to prepare Capital Account along with Retiring Partner (without and with partners’ capital adjustment); to prepare Capital Account; Deceased Partner’s to prepare deceased Account; partner’s Executor to calculate and provide salary, share in profit and interest on capital on deceased capital till the date of death; partner’s to prepare balance sheet after Retirement or Death of a partner as the case may be; to complete a solution by filling the fill in the blanks as in the case of Retirement or Death. 1. Fill in the blanks
87 Prepaid Rent Current Assets Other Current Assets 88 Interest Accrued on Investment Current Assets Other Current Assets 89 Work-in-Progress Current Assets Inventories 90 Bills of Exchange Current Assets Trade Receivables 91 Stock of Finished Goods Current Assets Inventories 92 Stock-in-Trade Current Assets Inventories 93 Balance with Banks held as Margin Money Current Assets Cash and Cash Equivalents 94 Investment in Partnership Firms Current Assets Current Investments 95 Shares Capital Shareholders' Funds — 96 Reserves And Surplus Shareholders' Funds — 97 Money Received Against Share Warrants Shareholders' Funds — 98 Arrears of Fixed Cumulative Preference Dividend As a footnote as Contingent Liability 99 Uncalled Liability on Partly Paid Shares Commitments in Note to Accounts 100 Bills Discounted but not Matured Contingent Liabilities in Note to Accounts STUDY MATERIAL/ASSIGNMENT FOR THE LATE BLOOMERS ACADEMIC YEAR-2016-17 RETIRING OF A PARTNER AND DEATH OF A PARTNER Learning objectives:- to attempt small theoretical questions to find NPSR and SR/GR to make treatment of goodwill in the above cases to pass journal entries for Revaluation/Re-assessment, treatment of goodwill, distribution of past profits and losses, for the settlement of the retiring partner; to prepare Revaluation Account; to prepare partners’ Capital Account along with Retiring Partner (without and with capital adjustment); to prepare Deceased Partner’s Capital Account; to prepare deceased partner’s Executor Account; to calculate and provide salary, share in profit and interest on capital on deceased partner’s capital till the date of death; to prepare balance sheet after Retirement or Death of a partner as the case may be; to complete a solution by filling the fill in the blanks as in the case of Retirement or Death. 1. Fill in the blanks
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