In question number 9 point d why u have passed the entry
Realisation A/c Dr. 20000
To X's capital A/c 20000
but in this question is asking about the partner z who took over the creditors for 20000 of Rs 30000?
Dear Student
We appreciate your bringing the errors to our notice. The said question will be corrected and updated very soon. We shall most definitely try and ensure that such errors do not occur in the future.
The correct Journal entry will be:
Realisation A/c Dr. 20,000
To Z's Capital A/c 20,000
Keep studying and keep posting!!
We appreciate your bringing the errors to our notice. The said question will be corrected and updated very soon. We shall most definitely try and ensure that such errors do not occur in the future.
The correct Journal entry will be:
Realisation A/c Dr. 20,000
To Z's Capital A/c 20,000
Keep studying and keep posting!!