29 :– A, B and C were partners in a firm. A died on 31st March, 2025 and the balance sheet of the firm on that date was as under
On A’s death it was found that patents were valueless, furniture was to be brought down to Rs 24,000, plant was to be reduced by Rs 10,000 and there was a liability of Rs 7,000 on account of workmen’s compensation.
Pass the necessary journal entries for the above at the time of A’s death.
Solution :-
