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Debtor aur creditor kya hota he

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Debtor aur creditor kya hota he

Posted by Paul Bhai 7 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Sakshi Sharma ??️??️??️ 7 years, 8 months ago

* DEBTORS ARE THE PERSONS OR FIRMS TO WHOM GOODS HAVE BEEN SOLD OR SERVICE HAVE BEEN PROVIDED ON CREDIT AND PAYMENT HAS NOT BERN RECEIVED FROM THEM. * CREDITORS ARE THE PERSONS OR FIRMS FROM WHOM GOODS HAVE BEEN PURCHASED OR SERVICES HABE BEEN PROCURED ON CREDIT AND PAYMENT HAS NOT MADE TO THEM.

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CBSE > Class 11 > Accountancy

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Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.

Posted by Arya Patel 6 months, 1 week ago

CBSE > Class 11 > Accountancy

0 answers

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