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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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