When a new partner is admitted to a partnership, there is...
When a new partner is admitted to a partnership, there is a need to revalue the?
Capital of the business
Capital and liabilities of the business
Assets and capital of the business
Assets and liabilities of the business
Correct answer is D
No explanation has been provided for this answer.
Carriage outward expenses of a business are treated in the ...
Opening balance 10,640 Purchases ...
The value of goods sent to a branch is debited to the ...
Rent owing by a business is shown in the ...
Which of the following source documents is used for recording goods and returned to suppliers? ...
Discount allowed is charged to ...
A non-cash expense chargeable against profit and loss account is ...
The entries for cash drawn from the bank by a proprietor for the private use is: debit ...