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One of debtor become insolvent and …

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One of debtor become insolvent and 70 paisa in re. Recovered from hi estate out of 10,000

    • Posted by Khushi Yadav 7 years, 7 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Ankit Shareen 7 years, 7 months ago

    CashA/c .Dr 7000 Bad debts A/c .Dr 3000 To debtor recovered 10000

    0Thank You

    Shashi Ramachandran 7 years, 7 months ago

    Cash A/c. Dr. 7000
    Bad debt A/c. Dr. 3000
    To Debtors A/c. 10,0000

    0Thank You

    Ansh Garg 7 years, 7 months ago

    Amt. Is 7000

    0Thank You

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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.

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