E and F were partners in firm sharing profits in the ratio of 3: 1. They...
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E and F were partners in firm sharing profits in the ratio of 3: 1. They admitted G and will share future profits equally. G brought Rs.50,000 in cash and machinery worth Rs.70,000 fir his share of profit as premium of goodwill. pass necessary Journal entries in the books of the firm. E and F were partners in firm sharing profits in the ratio of 3: 1. They admitted G and will share future profits equally. G brought Rs.50,000 in cash and machinery worth Rs.70,000 fir his share of profit as premium of goodwill. pass necessary Journal entries in the books of the firm.
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1 Cash ac Machinery ac To Premium for goodwill ac JOURNAL ... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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