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how to make journal entry in dissolution, admission, retirement, death ...?? pleaseee telll me my accounts coure is completed but i am confusing in these journal entry ...... please anyone tell me what is the process of making journal entriee in these questuons

Posted by Kshitiz Sehgal 8 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Arushi Gupta 8 years, 1 month ago

For admission.. cashA/c dr. To new partner cap A/C To premium of G/w A/c AND When prem. Of goodwill is distributed among partner in sacrificing ratio Prem. Of G/w A/c dr To sacrificing partner

Pratham Verma 8 years, 1 month ago

For retirement/death there will be one compulsory entry. Gaining partner's capital a/c ...dr To retiring/deceased partner's capital a/c

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