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When a transaction is undercast by …

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When a transaction is undercast by rupees 1000 then the rectified entry will be??

    • Posted by Suman Mishra 6 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Nancy Garg 6 years ago

    amount in debit+ side

    0Thank You

    Sunderakash Krishnan Krishnan 6 years, 1 month ago

    If in debit Add debit If in credit Add credit

    1Thank You

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    • Posted by Arya Patel 1 year, 4 months ago

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    Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.

    • Posted by Arya Patel 3 months ago

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