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What will be the journal entry …

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What will be the journal entry for following transaction- Proprietor paid rent Rs 10000 out of which Rs 7000 is related to next year ?

    • Posted by Shruti Jhunjhunuwala 7 years, 4 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Nikhil Dwivedi 7 years, 4 months ago

    Rent a/ c dr 3000 prepaid rent a/ c dr 7000........to cash a/ c10000

    0Thank You

    Arpit Mishra 7 years, 4 months ago

    Rent a/c. Dr. 3000 Prepaid rent a/c. Dr. 7000 To cash a/c. 10000

    5Thank 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
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    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
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