How to pass the journal entry for the above, Accounting Basics

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How to pass the journal entry for the above

A and B are partners sharing profits in the ratio of 3:1. On 1st April,2001, they admit C into partnership for 1/5 who pays Rs.50,000 as premium privately. On 1st April 2002,they admit D into partnership for 1/6th share who brings Rs.40,000 as premium.Pass the journal entry for the above.

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Accounting Basics: How to pass the journal entry for the above

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Accounting Basics: How to pass the journal entry for the above

Reference No:- TGS0695612

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Prepare the lower portion

Q : What total dollar amount of cost of goods

Q : Why the corporation has large tax preferences

Q : Determine the mass of compound which added to other compound

Q : How to pass the journal entry for the above

Q : How to debit credit accounts payable

Q : Discuss income statement as net sales and as gross profit

Q : Find percent purity of sample of koh found in lab

Q : What return is required beginning in year

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Problem on journal articles and non-journal materials

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to pass the journal entry for the above

Reference No:- TGS0695612

Recent Questions Asked Accounting Basics

Q : Prepare the lower portion

Q : What total dollar amount of cost of goods

Q : Why the corporation has large tax preferences

Q : Determine the mass of compound which added to other compound

Q : How to pass the journal entry for the above

Q : How to debit credit accounts payable

Q : Discuss income statement as net sales and as gross profit

Q : Find percent purity of sample of koh found in lab

Q : What return is required beginning in year

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