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x nd y are partners sharing profit in the ratio of 3:2 they admitted as a partner for 1/4th share. stock(book value 100000) is to be reduced by 40% and furniture (book value 60000) is to be reduced by 40%. pass the necessary journal entry from revaluation account.

Posted by Sana Qaiyum 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Dhingra 6 years, 6 months ago

Revaluation a/c dr. 40000 To stoch a/c 40000

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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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