A and B are partners with capital 2 lakh and 4 lakh. C was admitted for 1/4th of share. C was unable

Posted:: 3+ months ago by Deepti Ya...
Topics:: capital, current, cash, journal, partners

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... to bring share of goodwill premium in cash. The journal for premium - C’s capital a/c dr- 50,000. To A’s current a/c 10,000 To B’s current a/c 40,000

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