On dissolution of a partnership firm, where is profit or loss on realization transferred? Post category:Accountancy Reading time:1 mins read SOLUTION In the Partner’s Capital Accounts in their profit-sharing ratio. 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 PostIn the event of dissolution of a partnership firm, where is the provision for doubtful debts transferred? Next PostOn dissolution, what entry is passed if a partner under takes to make payment of a liability of the firm? You Might Also Like Calculate Trade Receivables Turnover Ratio. August 16, 2022 Bale and Yale are equal partners of a firm. They decide to dissolve their partnership on 31st March, 2019 at which date their Balance Sheet stood as: July 25, 2022 On dissolution of a firm, where is cash in hand transferred? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Bale and Yale are equal partners of a firm. They decide to dissolve their partnership on 31st March, 2019 at which date their Balance Sheet stood as: July 25, 2022