4. X and Y are partners in a firm. They admit Z for share. Z brought 2,00,000 as hi
3
capital and < 60,000 for premium. Journalise the transaction.
(a) Bank Ac
Dr 2.60,000
To Z's Capital A/C
200,000
To Premium lor Goodwill AC
60,000
(b) Z's Capital A/C
Dr 2,00,000
To Bank Avc
200,000
ich Z's Capital A/C
Di 200.000
Premium for Goodwill Ac
60,000
To Bank Ac
(d) Bank Alc
Dr 2,00 000
To Z's Capital Alc
2,00,000
Answers
Answer:
4. X and Y are partners in a firm. They admit Z for share. Z brought 2,00
4. X and Y are partners in a firm. They admit Z for share. Z brought 2,00,000 as hi
3
capital and < 60,000 for premium. Journalise the transaction.
(a) Bank Ac
Dr 2.60,000
To Z's Capital A/C
200,000
To Premium lor Goodwill AC
60,000
(b) Z's Capital A/C
Dr 2,00,000
To Bank Avc
200,000
ich Z's Capital A/C
Di 200.000
Premium for Goodwill Ac
60,000
To Bank Ac
(d) Bank Alc
Dr 2,00 000
To Z's Capital Alc
2,00,000,000 as hi
3
capital and < 60,000 for premium. Journalise the transaction.
(a) Bank Ac
Dr 2.60,000
To Z's Capital A/C
200,000
To Premium lor Goodwill AC
60,000
(b) Z's Capital A/C
Dr 2,00,000
To Bank Avc
200,000
ich Z's Capital A/C
Di 200.000
Premium for Goodwill Ac
60,000
To Bank Ac
(d) Bank Alc
Dr 2,00 000
To Z's Capital Alc
2,00,000