pl. tel me what is the entry for this transaction
1)i deposited rs.10,000 t/w. dealer ship deposit
2)the goodwill amount 1 lakh brought by raju was
appoprtioned and paid to the existing parteners
eswar,mahesh,ravi as per their sharing ratios 38% , 24%, 38%
Answer Posted / sankeerthana
1.Dealesrship deposit a/c Dr 10,000/-
To Cash/Bank a/c 10,000/-
(Being deposit made for Dealesrship deposit)
2.Goodwill a/c Dr 1,00,000/-
To Eswar a/c 38,000/-
To Mahesh a/c 24,000/-
To Ravi a/c 38,000/-
(Being Goodwill apportioned among the existing partners)
I think you are interested in journal Entries. So pl visit
once my favourite site www.therealaccountants.com for more
and more about practical Journal entries. This is the only
site dealing in Practical Journal Entries
Sankeerthana
Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
while preparing insolvency account deficiency account is wich account? why we do not prepare it with general rules?
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
What is the difference between deferred revenue and accrued revenue?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
What is use of statistics in accounting?
why i want to join Hawkins company
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
Tell me what are the three factors that can affect your cash flow and business profitability?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
What is departmental accounting? Give an example
What is the difference between trial balance and general ledger?
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?
example wrongly financial statments showing vat refund (under Advances) for the finanical year 08-09 , but present assement year after assement by cto given vat refund more than ledger showing balance then decided to every month set off vat payable to vat refund(advance) but more than recoverd compare with company and cto then what is the entry to be take.
What are the steps involved in project implementation?
What are source documents in accounting?