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प्रश्न
Pass entries in firm's Journal for the following on admission of a partner:
(i) Unrecorded Investments worth ₹ 20,000.
(ii) Unrecorded liability towards suppliers for ₹ 5,000.
(iii) An item of ₹ 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back.
रोजकीर्द नोंद
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उत्तर
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Amount (Rs) |
Credit Amount (Rs) |
|
|
(i) |
Investment A/c |
Dr. |
|
20,000 |
|
|
|
To Revaluation A/c |
|
|
|
20,000 |
|
|
(Investments recorded) |
|
|
|
|
|
|
|
|
|
|
|
|
(ii) |
Revaluation A/c |
Dr. |
|
5,000 |
|
|
|
To Creditors A/c |
|
|
|
5,000 |
|
|
(Liability recorded) |
|
|
|
|
|
|
|
|
|
|
|
|
(iii) |
Creditors A/c |
|
|
|
|
|
|
To Revaluation A/c |
Dr |
|
1,600 |
|
|
|
(Liability decreased) |
|
|
|
1,600 |
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