Question

12
4. X and Y are partners in a firm. They admit Z for share. Z brought ? 2,00,000 as his
capital and 3 60,000 for premium. Journalise the transaction.
(a) Bank A/C
Dr 2,60,000
To Z's Capital A/C
2,00,000
To Premium for Goodwill A/c
$60,000
(b) Z's Capital A/C
Dr 2,00,000
To Bank A/C
2,00,000
(c) Z's Capital A/C
Dr 2,00,000
Premium for Goodwill A/C Dr
60,000
To Bank A/C
(d) Bank A/C
Dr 2,00,000
To Z's Capital A/C
EDT 695. 2,00,000​

Answer 1

Answer:

option a is correct in this question