Pass entries in firm’s Journal for the following on admission of a partner: (i) Unrecorded Investments of ₹ 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.
Pass entries in firm’s Journal for the following on admission of a partner:
(i) Unrecorded Investments of ₹ 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.
Anurag Pathak Changed status to publish July 11, 2023
