Question

3. Explain the below given terminology of words: (1) Dual Citizenship (2) Parliamentary System () Responsible Government (4) Union List (5) State List (6) Concurrent List (7) Resdiuary Power (8) Socialist 19) Judicial Review (10) Democracy 63​

Answer 1

Answer:

ok please make me brain list

Explanation:

Partners A, B and C share the profit of a business in the ratio of 3:2:1

respectively. For one-sixth share they admit D who brings in 2,00,000 including

60,000 for his share of goodwill. Show the journal entries if A, B, C and D decide

to share the profits respectively in the ratio of (a) 15:10:5:6; (b) 5:3:2:2, and

(c) 2:2:1:1. Assume that the entire cash brought in by D remains in the business.

Give Journal entries.