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Give the journal entry to distribute …

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Give the journal entry to distribute 'workmen compensation reserve' of Rs 72000 at the time of admission of z ,if there is no claim against it. The firm has two partners x and y.

    • Posted by Rushiraj Parmar 2 years, 4 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Agrim Chouhan 2 years, 4 months ago

    Workmen compensation reserve a/c debit to x's capital a/c 36000 to y's capital a/c 36000 since no old ratio is given so we will take it 1:1

    0Thank You

    Vishal Jain 2 years, 4 months ago

    WCR a/c ...Dr. 72000 To x a/c 36000 To y a/c. 36000

    0Thank You

    ANSWER
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