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Pass the journal entry: Salary due …

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Pass the journal entry: Salary due to Martha ₹20000

    • Posted by Rishu Rishabh 6 years ago

    CBSE > Class 11 > Accountancy
    • 4 answers

    Rishu Rishabh 6 years ago

    Why cr. To martha?

    0Thank You

    Parminder Singh Virk 6 years ago

    Outstanding Salary a/c Dr. To salaries a/c

    1Thank You

    Jeevan Narra 6 years ago

    outstanding salary A/C Dr To Martha A/C because the the amount is not yet paid to the martha and it is outstanding salary A/C

    1Thank You

    Neelima Maurya 6 years ago

    Salary A/C.......dr. 20,000 To Martha A/c. 20,000

    1Thank You

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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.

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