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Admission of New Partner

Accountancy

Here you see illustration 4 Below the 7th point they mentioned that 1000 rupees paid by Mr.Dalal and no entry the made in books. But in the down partners capital account's those 1000 rupees credited to his account,i didn't understand why. When he paid those 1000 rupees should debited from his account. Can anyone explain ?

Screenshot_2023-06-23-11-07-04-71_e2d5b3f32b79de1d45acd1fad96fbb0f.jpg

Shiva Netha

Shiva Netha

CA Inter

★ 12K+

23-Jun-23 11:11

511

Answers (2)

Best Answer

He would have paid it before itself maybe not in this yr so fr that firm is now crediting 1000 for the amount hw has paid.

Shruthi Nachammai

Shruthi Nachammai

CA Inter

★ 4K+

23-Jun-23 13:29

He*

Shruthi Nachammai

Shruthi Nachammai

CA Inter

★ 4K+

23-Jun-23 13:29

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