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Amit and Viney are partners in a firm sharing profits and losses in 3 : 1 ratio. on 1.1.2017 they admitted Ranjan as a partner. on Ranjan’s admission the profit and loss account of Amit and Viney showed a debit balance of Rs. 40,000

193 viewsAugust 10, 2024[NCERT] Admission of Partner

Anurag Pathak27.10K August 10, 2024 0 Comments

Amit and Viney are partners in a firm sharing profits and losses in 3 : 1 ratio. on 1.1.2017 they admitted Ranjan as a partner. on Ranjan’s admission the profit and loss account of Amit and Viney showed a debit balance of Rs. 40,000. Record necessary journal entry for the treatment of the same.

Anurag Pathak Answered question August 10, 2024

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Anurag Pathak27.10K Posted August 10, 2024 0 Comments

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Anurag Pathak Answered question August 10, 2024

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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Amit and Viney are partners in a firm sharing profits and losses in 3 : 1 ratio. on 1.1.2017 they admitted Ranjan as a partner. on Ranjan’s admission the profit and loss account of Amit and Viney showed a debit balance of Rs. 40,000

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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