Pass entries in firm’s Journal for the following on admission of a partner: i) Unrecorded Investments of ₹ 20,000 are to be accounted. ii) Unrecorded liability towards suppliers for ₹ 5,000 is to be accounted. 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 are to be accounted.
ii) Unrecorded liability towards suppliers for ₹ 5,000 is to be accounted.
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 May 21, 2023
