Retirment
Querist : Anonymous
on retirement of a partner, a machinery having the book value Rs 120000 is appriciated by 10 % then what would be its entry
thanks in advance
Fixed Asset A/c DR
To Revaluation Reserve A/c
Fixed Assets a/c Dr.
To Revaluation Reserve a/c
Revaluation Reserve a/c Dr.
To All Partners a/c
Querist : Anonymous
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