tell me these journal entries..

tell me these journal entries.. Journal Entries (iii) Jiv) Loan from Amit is rs.50,OOO and Balance in his capital Account (credit) is rs.25,OOO Loan from Amit is rs.50,OOO and Balance in his capital Account (debit) is rs.40,OOO Loan from Amit is 7350, 000 and Balance in his capital Account (debit) is rs.60,ooo Buildings were auctioned for rs.30,OOO and the auctioneer's Commission rs OOC (V) Y took over part of stock at rsAOOO(being 20% less than the book value).BaIance stock reagjsed 50361BaIance sheet stock (vi) WCR in Balance sheeÉ $30,000 Adjustments had to be paid for Workmen Compensation. partner) accepted an unrecorded asset of rs 25,000 in full .ettlement of his loan of rs20,OOO (IN) There was an unrecorded asset of rs. 15,000 which was taken by Ram åt rs 10,000 in part payment of his loan-(His Loan being 40,000)

As he has provided loan to the firm so firm is liable to pay him the same amount with interest and as we know that if a partner's capital a/c shows a Dr. balance he is supposed to bring that amount in the firm. So, instead of taking money from the partner as his deficit and paying him off as his loan, straightaway his loan a/c is transferred to his capital a/c.

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