Admission of a Partner/5.57
On that day they decided to admit Shankar in partnership subject to the following
tems- (i) He will pay * 10,000 for capital and 4,000 for 1/3 share of goodwill.
fii) He will get his share from Ram and Shyam equally. (lit) Reserve for doubtful
debts will be created @ 7% on debtors. (iv) Investment will be valued at 8,000.
(v) Stock will be valued at 12,000. (vi) 2,000 will be pald against K's loan.
(vii) Furniture will be depreciated by 600.
Draw up necessary journal entries, prepare partners' capital accounts on 31st
December 2007 and show the Balance Sheet of new finn.
Answers
Answered by
0
Answer:
tgy fug h.c c Ricardo coutinho Gotti biyombo bcc doumit hotly kyuki puppy IHOP goop goop goop yo VIP zip duo tl ud gi guidotti ifpi rho tji uno yvo tmo to top top yp yp yp top tip tip top top tip f9 cop go goop hop goop hop goop cup chop co 9
Similar questions