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At the time of admission of …

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At the time of admission of a partner c, assets and liabilities of a and b were revalued as follows: 1. A provision for doubtful debts ,@10 percent was made on sundry debtors₹50000 2. Creditors were written back by ₹5000. 3. Building was appreciated by 20percent book value of building ₹200000. 4. Unrecorded investments were valued at₹15000. 5. A provision of 2000 was made for an outstanding bill for repairs. 6. Unrecorded liability towards supplies was 3000. Pass necessary journal entries

Posted by Vimlagola Vimlagola 6 years, 5 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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