On admission of A, a new partner, the value of closing stock was brought down by...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
On admission of A, a new partner, the value of closing stock was brought down by Rs.6,500. The revaluation a/c will be A Debited by Rs. 6000 B C D Debited by Rs. 6500 Debited by Rs. 650 Debited by Rs. 655 On admission of A, a new partner, the value of closing stock was brought down by Rs.6,500. The revaluation a/c will be A Debited by Rs. 6000 B C D Debited by Rs. 6500 Debited by Rs. 650 Debited by Rs. 655
Expert Answer:
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these general management questions
-
The Dear Corporation was engaged in the business of making and selling harvesting machines. It sold everything pertaining to its business to the ABC Company, agreeing not again to go into the...
-
The plaintiffs entered into an oral agreement with the New York University Medical Center for an in vitro fertilization procedure that would not result in an autistic child. They subsequently signed...
-
Bowen-Rodgers Hardware Company was engaged in the business of furnishing materials for the construction of buildings. It delivered a quantity of materials to property owned by Ronald and Carol...
-
A(n) ________ is a short-lived fashion. Relatively few people adopt this product, but it can spread quickly. Question content area bottom Part 1 A. fad B. creolization C. aspirational reference D....
-
What are the future prospects for WWE? What should be done to expand or grow the business?
-
Under the Clean Air Act, the Environmental Protection Agency (EPA) regulates ozone emissions. Mark Perry, an economist at the University of MichiganFlint, notes in an opinion column: Ground-level...
-
What are the three basic tax forms discussed in this section?
-
The unadjusted trial balance of Recessive Interiors at January 31, 2014, the end of the current year, is shown below. The data needed to determine year-end adjustments are as follows: a. Supplies on...
-
The following cost information is available for July for theCrest Plant at Calvert Company:Beginning work-in-process inventoryMaterials cost$ 56,000Conversion cost35,400Total$ 91,400 2 answers
-
Match the four functions of payroll activities with their related internal controls: 1. Hiring employees. 2. Timekeeping. 3. Preparing the payroll. 4. Paying the payroll. ________ a. An independent...
-
Question 16 A project whose critical path has an estimated time of 820 days with a variance of 225 has a 20% chance that the project will be completed before Note: Write answer in round figure 10...
-
On December 31, 2004, Karimah Sdn. Bhd. (KSB) reported the following information on its balance sheet: Balances in accounts receivable RM 42,600 Allowance for Doubtful Accounts RM 852 On December 31,...
-
Your organization offers employees an ERISA-covered retirement plan. You're adding newly eligible employees to the portal and notice that one employee is married, but wants to name his mother as his...
-
Assume that Arlington's 2024 pretax accounting income is $95,200 and that Arlington reports $40,000 more depreciation expense for tax purposes than it shows in the accounting records, expected to...
-
Sour Factory ("Sour") has been manufacturing Lemon Biscuit and Lemon Zest Cookies. The tables below provide the information for the production in October 2016: Items Ingredients (flour, butter,...
-
Case: Chess, Robert, and Ryan Kissick. "Stanford Medicine: Health IT Purchasing Decisions in a Complex Medical Organization." Stanford, CA: Stanford Graduate School of Business, 2017. Case No. E615...
-
What happens if basis is not established for an assetwhich is sold?The basis is adjusted to reflect the fair market value at thetime of the sale.The asset is assigned a value of one-half of the sa 2...
-
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
-
The City of Richmond, Virginia, adopted a Minority Business Utilization Plan requiring prime contractors awarded city construction contracts to subcontract at least 30 percent of the dollar amount of...
-
Consolidated Business Forms leased a Phillips business computer from Benchmark. Benchmark subsequently transferred the lease and promissory note to Exchange International Leasing Corporation....
-
David and Nancy Songer planned to travel outside the United States and wanted to acquire medical insurance prior to departure. They spoke with an agent of Continental who requested that Nancy Songer...
-
Consider the family of differential equations \(x^{\prime}=x^{3}+\delta x^{2}-\mu x\). a. Sketch a bifurcation diagram in the \(x \mu\)-plane for \(\delta=0\). b. Sketch a bifurcation diagram in the...
-
For each problem, determine equilibrium points, bifurcation points, and construct a bifurcation diagram. Discuss the different behaviors in each system. a. \(y^{\prime}=y-\mu y^{2}\) b....
-
Plot phase portraits for the Lienard system \[\begin{aligned} & x^{\prime}=y-\mu\left(x^{3}-x ight) \\ & y^{\prime}=-x \end{aligned}\] for a small and a not so small value of \(\mu\). Describe what...
Study smarter with the SolutionInn App