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What is the treatment of the …

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What is the treatment of the adjustment 'a B/R amounting to rs.8000 discounted with the bank dishonoured' at the time of admission of a new partner.

Posted by Nayra Gupta 6 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Ankur V 6 years, 1 month ago

8000 will be taken as liability so there will be increase in liability by 8000 you have to show it in the revaluation account at debit side ( To bills receivable A/c 8000

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