Question
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
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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Managerial Accounting And Analysis In Multinational Enterprises
Authors: H P Holzer
1st Edition
3110100819, 978-3110100815
