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A b and c were partners …

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A b and c were partners in a firm sharing profit and losses in the ratio of 2:2:1 their balance sheet as on 31st March 2018 was as follows... Liabilities- creditors 20,000 bills payable 5,000 general reserve 40,000 workmen compensation reserve 35,000 investment fluctuation reserve 10,000 capital account a 2,00,000 b 150000 1,00,000 lakh Asset -cash and Bank 30,000 daters 60,000 stock 1,50,000 investment (market value 320,00 )40000 plant and machinery 2,60,000 profit and loss account to 20,000 ..D is admitted for 1/4th share ..Pass journal entry

Posted by Aryan Rana 4 years, 10 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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