Question

xyz are partners in a firm by retired and his claim including is capital and his share of goodwill is rupees 3 lakh there was unrecorded furniture valued at 15000half of which was given to an unrecorded creditors of rupees 30000 in settlement of claim of rupees 15000 and remaining half was given to y at a discount of 10% in a part satisfaction office claim balance of voice claim was discharged by current due check. Give necessary journal entries to record this arrangement​

Answer 1

Answer:

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