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x y and z are partner in a firm sharing profit and loss in the ratio of 2:2:1. D admits from 1 april. on his admission following balances appeared in the book of the firm. advertisement suspense account 25000, contingency reserve 15000, wcr 20000, p & loss (cr) 15000. Pass the necessary journal entries for the adjustments of these items.

Posted by Gayatri Nanda 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Prachi Khatri 6 years, 5 months ago

X Ac dr 10000 Y Ac dr 10000 Z Ac dr 5000 To advertisment suspense Ac 25000 Contingency reserve Ac 15000 Workmen compensation reserve Ac 20000 P/L Ac 15000 To X Ac 20000 To Y Ac 20000 To Z Ac 10000

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