Why partner’s loan is not transferred to Realisation A/c? Post category:Accountancy Reading time:1 mins read SOLUTION Partners’ Loan is not an outside liability. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostState the reason why a partner’s wife loan is transferred to Realisation A/c? Next PostWhen a Creditor takes over an asset whose value is less than the amount due to him in full settlement of his claim, what entry shall be passed? You Might Also Like Alfa Ltd. invited applications for issuing 75,000 equity shares of Rs. 10 each. The amount was payable as follows: July 15, 2022 Reya, Mona and Nisha shared profits in the ratio of 3 : 2 : 1. The profits for the last three year were Rs. 1,40,000; Rs. 84,000 and Rs. 1,06,000 respectively. These profits were by mistake shared equally for all the give necessary Journal entry for the same. July 21, 2022 Give the journal entry to distribute General Reserve and Profit and Loss Account balance appearing on the liabilities side of Balance Sheet. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Alfa Ltd. invited applications for issuing 75,000 equity shares of Rs. 10 each. The amount was payable as follows: July 15, 2022
Reya, Mona and Nisha shared profits in the ratio of 3 : 2 : 1. The profits for the last three year were Rs. 1,40,000; Rs. 84,000 and Rs. 1,06,000 respectively. These profits were by mistake shared equally for all the give necessary Journal entry for the same. July 21, 2022
Give the journal entry to distribute General Reserve and Profit and Loss Account balance appearing on the liabilities side of Balance Sheet. September 26, 2022
