Question

A is to pay off bank overdraft.how to treat it in admission of a partner

Answer 1

Answer:

In this case, the bank overdraft accounting treatment will be to include it as an Accounts Payable journal entry, with a coinciding increase to the total cash entry to balance. Generally, the bank overdraft in the balance sheet will be reported as a bank overdraft double entry.

Answer 2

Answer:

partners capital ac me show krna h