send mail to firstname.lastname@example.org mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Refer & Earn
My Abhipedia Earning
Kindly Login to view your earning
Type your modal answer and submitt for approval
Pass necessary Journal entries to record the following unrecorded assets and liabilities in the books of Paras and Priya:
a There was an old furniture in the firm which had been written off completely in the books. This was sold for 3,000.
b Ashish, an old customer whose account for 1,000 was written off as bad in the previous year, paid 60%, of the amount.
c Paras agreed to takeover the firm's goodwill notrecordedinthebooksofthefirm, at a valuation of 30,000.
d There was an old typewriter which had been written off completely from the books. It was estimated to realise 400. It was taken by Priya at an estimated price less 25%.
e There were 100 shares of 10 each in Star Limited acquired at a cost of 2,000 which had been written-off completely from the books. These shares are valued @ 6 each and divided among the partners in their profit-sharing ratio.
By: Aman ProfileResourcesReport error
Access to prime resources