Why partner’s loan is not transferred to Realisation A/c? Post category:Accountancy Reading time:1 mins read SOLUTION Partners’ Loan is not 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 PostState the reason why a partner’s wife loan is transferred to Realisation A/c? Next PostWhen a Creditor takes over an asset whose value is less than the amount due to him in full settlement of his claim, what entry shall be passed? You Might Also Like Pass the necessary journal entry when 10,000 debentures of Rs. 100 each are issued as collateral security against a Bank Loan of Rs. 8,00,000. September 29, 2022 When an asset is taken over by a partner, why is his Capital Account debited? September 27, 2022 Geeta and Sunita are partners in a firm sharing profits in the ratio of 3: 2. They admit Anita as a new partner. The new profit-sharing ratio between Geeta, Sunita and Anita will be 5: 3: 2. Anita brought in Rs. 25,000 for his share of premium for goodwill. Pass necessary Journal entries for the treatment of goodwill. November 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Pass the necessary journal entry when 10,000 debentures of Rs. 100 each are issued as collateral security against a Bank Loan of Rs. 8,00,000. September 29, 2022
Geeta and Sunita are partners in a firm sharing profits in the ratio of 3: 2. They admit Anita as a new partner. The new profit-sharing ratio between Geeta, Sunita and Anita will be 5: 3: 2. Anita brought in Rs. 25,000 for his share of premium for goodwill. Pass necessary Journal entries for the treatment of goodwill. November 3, 2022
