A partner ship firm present two doctors working in hospital.if new 3rd partner introduced capital amount some cash and fixed assets investment in firm.
question:
1.accounting entry passed procedure both accounting books.
2.capital introduced cash and fixed assets accepted in it act.
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It query for partner ship firm new partner introduced
Replies (1)
Cash A/c Dr
To 3rd Partner Capital A/c
&
Fixed Assets ( Property Plant & Equipment ) A/c Dr
To 3rd Partner Capital A/c
To 3rd Partner Capital A/c
&
Fixed Assets ( Property Plant & Equipment ) A/c Dr
To 3rd Partner Capital A/c
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