Question
Pass entries in the firm's Journal for the following on admission of a partner: (i) Unrecorded Investment worth Rs.20,000. (ii) Unrecorded liability towards suppliers
Pass entries in the firm's Journal for the following on admission of a partner: (i) Unrecorded Investment worth Rs.20,000. (ii) Unrecorded liability towards suppliers for Rs.5,000. (iii) An item of Rs.1, 600 included in Sundry Creditors is not likely to be claimed and hence should be written back.
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OM operations management
Authors: David Alan Collier, James R. Evans
5th edition
1285451376, 978-1285451374
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