Accountancy, asked by smilingimti, 19 days ago

John and James are partners sharing profits equality Jackenters the partnership and contributes a Land whose Historical cost is Rs 50,000.

Book Value is Rs 25,000 and Current Market Value is Rs30,000. By what amount Jack’s Account should be increased?​

Answers

Answered by tegvirsingh91
0

5000

increased

50000=30000-20000

0

50000=30000-25000

5000

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