State the reason why a partner’s wife loan is transferred to Realisation A/c? Post category:Accountancy Reading time:1 mins read SOLUTION Wife Loan is 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 PostWhat entry is passed when an asset is given to a Creditor in full settlement of his dues? Next PostWhy partner’s loan is not transferred to Realisation A/c? You Might Also Like Anshul and Asha are partners sharing profits and losses in the ratio of 3: 2. Anshul being a non-working partner contributed Rs. 8,00,000 as her capital. Asha being a working partner did not contribute capital. The partnership Deed provides for interest on capital @ 5% and salary to every working partner @ Rs. 2,000 per month. Net profit (before providing for interest on capital and partner’s salary) for the year ended 31st March, 2019 was Rs. 32,000. July 21, 2022 Capital Employed Rs. 10,00,000; Fixed Assets Rs. 7,00,000; Current Liabilities Rs. 1,00,000. There are no Long-term Investments. Calculate Current Ratio. August 12, 2022 What is meant by ‘Private Placement of Shares’? (C.B.S.E. 2019) September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Anshul and Asha are partners sharing profits and losses in the ratio of 3: 2. Anshul being a non-working partner contributed Rs. 8,00,000 as her capital. Asha being a working partner did not contribute capital. The partnership Deed provides for interest on capital @ 5% and salary to every working partner @ Rs. 2,000 per month. Net profit (before providing for interest on capital and partner’s salary) for the year ended 31st March, 2019 was Rs. 32,000. July 21, 2022
Capital Employed Rs. 10,00,000; Fixed Assets Rs. 7,00,000; Current Liabilities Rs. 1,00,000. There are no Long-term Investments. Calculate Current Ratio. August 12, 2022
