A, B and C were partners sharing profits and losses in the ratio of 3:2:1 respectively. The firm had insured all the partners lives separately – A for Rs. 20000. B for Rs. 15000.C for Rs. 10000. The premium were charged to profit and loss Account. The surrendervalue of each policy as on 31st December, 2011 was 50% of sum assured. Give necessary Journal entries if A dies on 31st December, 2011 and B and C decide to share equally infuture.
Answers
Answered by
0
Answer:
plzzzzzz give me thnkssss
Similar questions
English,
1 month ago
Math,
1 month ago
Accountancy,
1 month ago
Computer Science,
2 months ago
Math,
2 months ago
Math,
8 months ago
Social Sciences,
8 months ago