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When assets is increaseing liability decrease …

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When assets is increaseing liability decrease (accounting equation)

    • Posted by Vishakha Kanodia 6 years, 9 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Fateh Singh 6 years, 9 months ago

    When bill dishounred and half amount of bill pay in cash

    0Thank You

    Atharv Vyas 6 years, 9 months ago

    If we purchase goods on credit our creditors will also increase so the above answer is wrong

    0Thank You

    Fatima Tayyaba 6 years, 9 months ago

    When good prchse on credit

    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.

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    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
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