Do you think that the loan by a partner’s relative is transferred to Realisation Account at the time of dissolution of a firm? Why? Post category:Accountancy Reading time:1 mins read SOLUTION Yes, it is transferred to Realisation Account because it is an outside liability. 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 PostDo you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why? Next PostAt which value the assets against which provisions exist are transferred to Realisation Account? You Might Also Like What is meant by Employee Stock Option Wan? (C.B.S.E. Sample Paper, 2019) September 28, 2022 When there is change in the profit-sharing ratio amongst existing partners, does it require adjustment for goodwill? September 26, 2022 One of the partners in a partnership firm has withdrawn Rs. 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
When there is change in the profit-sharing ratio amongst existing partners, does it require adjustment for goodwill? September 26, 2022
One of the partners in a partnership firm has withdrawn Rs. 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. July 21, 2022