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 A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022 Do you think that Bank deposit with 100 days of maturity will be included in Cash and Cash Equivalents? Give reason. October 6, 2022 A and B were partners sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March, 2018, was as follows: November 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners sharing profits in the ratio of 2 : 1. They admit C for 1/4th share in profits. C brings in Rs. 30,000 for his capital and Rs. 8,000 out of his share of Rs. 10,000 for goodwill. Before admission, goodwill appeared in books at Rs. 18,000. Give Journal entries to give effect to the above arrangement. August 1, 2022
Do you think that Bank deposit with 100 days of maturity will be included in Cash and Cash Equivalents? Give reason. October 6, 2022
A and B were partners sharing profits and losses in the ratio of 3: 2. Their Balance Sheet as at 31st March, 2018, was as follows: November 4, 2022