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Admission of partner

Why that entry (coloured part) has been passed in partner capital accounts

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siva chaitanya

siva chaitanya

CA Foundation

1K+

12-Mar-21 21:06

15

Answers (5)

It appears that there is an error in the solution. An entry: Beeta capital A/c ..Dr to Bank A/c 25,000 has been passed but it was not required.


ruchi lahoti

ruchi lahoti

Moderator

12-Mar-21 22:19

But mam then balance sheet will not tally

No it will tally


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

13-Mar-21 07:35

But mam then balance sheet will not tally

It will tally. Increase in Bank by 25,000 and Beeta's capital by 25,000


ruchi lahoti

ruchi lahoti

Moderator

13-Mar-21 16:27

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