Accountancy, asked by jayeshlohar1806, 4 months ago

a provision of ₹2000 to be made for a claim of compensation.
(Retirement of partner 12th commerce)

Answers

Answered by priya289571

13

claim of compensation is an adjustment.

two entries

1 ) journal entries

Revaluation a/c dr. 2000

to claim of compensation. 2000

2) balance sheet

your entries in liability side

work compensation 2000

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