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But in which condition can we use current account in journal entries of admission of partners

Posted by Preet Kaur 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Priya Singla 6 years, 4 months ago

Sorry ,istead of capital a/c

2Thank You

Priya Singla 6 years, 4 months ago

When new partner does not bring his share of goodwill in cash then his current a/c will be debited instead of being credited.

3Thank You

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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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