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Radha, Tina and Reeta were partners …

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Radha, Tina and Reeta were partners sharing profits equally. Rita died on 31st July, 2020. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year's profit, which was 4,50,000 Pass necessary Journal entry to record Reeta's share of profit/loss up to the date of death

Posted by Siddharth P 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sachin Kori 5 years, 4 months ago

July 31:- profit and loss suspense A/c dr. 50000 To rita's capital a/c Cr. 50000 Working note:- 4,50,000×4/12×1/3= 50000

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Palak Kumari 3 months, 3 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Munni Lal 1 year, 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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