Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Economic Relationship’. (C.B.S.E. 2016, Delhi) Post category:Accountancy Reading time:1 mins read SOLUTION Difference between Dissolution of Partnership and Dissolution of Partnership Firm: Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostHow is dissolution of partnership different from dissolution of partnership firm? (C.B.S.E. Sample Paper, 2018) Next PostDoes the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) You Might Also Like Nitya and Anand are partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they decided to share future profits equally. On the date of change in the profit-sharing ratio, the Profit and Loss Account showed a credit balance of Rs. 1,50,000. Record the necessary Journal entry for the distribution of the balance in the Profit and Loss Account immediately before the change in the profit-sharing ratio. October 28, 2022 Give two examples of ‘significant non-cash transactions’. October 6, 2022 What does Total Assets to Debt Ratio indicate? October 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Nitya and Anand are partners in a firm sharing profits and losses in the ratio of 3: 2. With effect from 1st April, 2022, they decided to share future profits equally. On the date of change in the profit-sharing ratio, the Profit and Loss Account showed a credit balance of Rs. 1,50,000. Record the necessary Journal entry for the distribution of the balance in the Profit and Loss Account immediately before the change in the profit-sharing ratio. October 28, 2022
