Admission of partner

Accountancy

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

siva chaitanya

CA Final

★ 13K+

12-Mar-21 21:06

711

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

CA Inter

★ 27K+

12-Mar-21 22:19

ruchi lahoti

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.

But mam then balance sheet will not tally

Thread Starter

siva chaitanya

CA Final

★ 13K+

13-Mar-21 00:26

ruchi lahoti

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.

Yes mam there is an error in that.

Meda Jeevansai

CA Final

★ 21K+

13-Mar-21 07:34

Thread Starter

siva chaitanya

But mam then balance sheet will not tally

No it will tally

Meda Jeevansai

CA Final

★ 21K+

13-Mar-21 07:35

Thread Starter

siva chaitanya

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

CA Inter

★ 27K+

13-Mar-21 16:27