Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION Sundry Assets A/c Dr. To Revaluation A/c(Unrecorded assets recorded) Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive any two circumstances in which sacrificing ratio may be applied. (C.B.S.E. 2019) Next PostWhat is the effect of admission of a new partner on Partnership? You Might Also Like Trade Payables turnover ratio of a Company is 5 times. What will be the impact of ‘Credit purchase’ of Rs. 50,000 on this ratio? State with reason. October 3, 2022 State two essential features of a Public Company. September 28, 2022 X, Y and Z are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Y retires and at the time of Y’s retirement, goodwill is valued at Rs. 84,000. X and Z decided to share future profits in the ratio of 2 : 1. Pass the necessary Journal entries through Goodwill Account. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Trade Payables turnover ratio of a Company is 5 times. What will be the impact of ‘Credit purchase’ of Rs. 50,000 on this ratio? State with reason. October 3, 2022
X, Y and Z are partners sharing profits in the ratio of 3 : 2 : 1. Goodwill is appearing in the books at a value of Rs. 60,000. Y retires and at the time of Y’s retirement, goodwill is valued at Rs. 84,000. X and Z decided to share future profits in the ratio of 2 : 1. Pass the necessary Journal entries through Goodwill Account. August 3, 2022