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x,y,z are partners in a firm .y retires and his claim included his capital and his share of goodwill is ₹120,000. He is paid in cash and partly in kind .A vehicle valued at rs 60,000 unrecorded in the books of the firm and the balance in cash is given to him to settle his account give the journal entries

Posted by Raj Gupta 4 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Ritika Mehra 4 years, 2 months ago

Y's capital a/c Dr. 120000 To cash a/c. 120000

Reyansh Sharma 4 years, 2 months ago

120000 ko gainimg ratio me distribute krdo old partners me ....

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