Admission of partner Lesson

4 Slides • 2 Questions

1

Admission of partner

Financial statement

2

3

Analyse the transaction and identify the effect on the revalution account.

1. Two month's salary @ Rs. 6000 per month was outstanding.

4

5

Multiple Choice

Provisions for doubtful debt with be added to debtors. True or False

1

True

2

False

6

Open Ended

What will be the effect on undervaluation of stock by Rs.1000 in the Revaluation a/c ?

Type response here

Admission of partner

Financial statement

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