Question

on the admission of a new partner workmen compecti reserve was 90000and revaluation account was debited with 20000fir workmen copmtion claim then what was the amount of work compti claim 1) 70000 2)110000 3) 90000 4) 20000​

Answer 1

Explanation:

From the following transactions, state the titles of the accounts to be affected, types of the accounts and

the account to be debited and the account to be credited:

1. Ankur started business with cash

600000

2. Purchase goods for cash

80000

3. Paid salaries

10000

4. Sold goods to rohit on credit

60000

5. Office machine purchased for cash

12000

6. He took loan from bank

30000

7. He received commission

4,000

8.Postage paid

500

9.Paid rent

6000

10.Received cash from Rohit

60000

I want answer in a table format.