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What is the closing entry for written off surrender value of jlp and why?
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What is the closing entry for written off surrender value of jlp and w...
All Partners capital a/c. ..... (New Ratio)
To J L P a/c. ..... ( A surrender value)
After the admission of the new partner , the new firm decide that the J L P should not appear in the bal.sheet then the J P L will be written off by crediting J L P account and debiting all the partner in the new ratio.
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What is the closing entry for written off surrender value of jlp and why?
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What is the closing entry for written off surrender value of jlp and why? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about What is the closing entry for written off surrender value of jlp and why? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the closing entry for written off surrender value of jlp and why?.
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