What journal entry’ will be recorded for deceased partner’s share in profit from the closure of last balance sheet till the date of his death? Post category:Accountancy Reading time:1 mins read SOLUTION Profit and Loss Suspense A/c Dr. To Deceased Partner’s Capital A/c 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 PostName two items which are credited to the Capital Account of a partner upon his death. Next PostWhat journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? You Might Also Like From the following calculate:(a) Current Ratio; and (b) Working Capital Turnover Ratio. August 18, 2022 Gross Profit at 25% on cost; Gross profit Rs. 5,00,000; Equity Share Capital Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000; Fixed Assets (Net) Rs. 10,00,000. Calculate Working Capital Turnover Ratio August 16, 2022 How the goodwill is valued under the super profit’s method? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following calculate:(a) Current Ratio; and (b) Working Capital Turnover Ratio. August 18, 2022
Gross Profit at 25% on cost; Gross profit Rs. 5,00,000; Equity Share Capital Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000; Fixed Assets (Net) Rs. 10,00,000. Calculate Working Capital Turnover Ratio August 16, 2022
