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I have seen many questions in which debtor and creditor is entered in trial balance but in some it is not then can anyone please tell me should entering the debtor and creditor is important in trial balance or not

    • Posted by Kanak Khandelwal 7 years, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Shashi Ramachandran 7 years, 7 months ago

    Not necessary,,,,,if information not provided

    1Thank 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.

    • Posted by Arya Patel 6 months, 1 week ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    Illustration 62. Given below is the Balance Sheet of Krishna & Suresh who are partners in a firm sharing profits in the ratio of 3 : 2: Liabilities Amount Creditors Bank Overdraft Investment Fluctuation Fund Contingency Reserve Capital A/c : Krishna Suresh 30,000 20,000 21,000 2,000 6,000 5,000 50,000 84,000 Assets Plant Patents Furniture Investments (Market value Stock Debtors Cash 14,000) Amount (₹) 30,000 5,000 3,000 15,000 13,000 17,000 1,000 84,000 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 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    Paid cash to kamlesh rs 15000

    • Posted by Alok Bhartiya 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers
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    • Posted by Soumyajit Patnaik 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Anirudh Sarkar 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers
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    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
    • 2 answers
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    • Posted by Ansh Dwivedi 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Prabhdeep Mall 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    Show the Accounting equation for the following transaction (i)Gopinath started business with cash

    • Posted by Garima Gaur 1 year, 8 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

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