What is a Realisation
do we distribute employee provident fund to partners at the time of :
1. admission/ retirement
2. dissolution( is it treated the same way as reserve fund ?)
in dissolution , what is the accounting treatment of loan , which appear in the question`s balance sheet ?
experts please tell me the treatment of workmen compensation reserve/fund and employees provident fund in the dissolution chapter
What is the treatment of deferred revenue expenditure at the time of dissolution of a partnership firm?
how to treat joint life policy in dissolution of partnership when surrender value is given ?
plz provide me a solution of divya sharma vk pulisher of accountancy class 12
solution of vk ohri and tr jain of economics class 12
State the difference
between dissolution of partnership and dissolution of partnership
report on procedure of winding up partnership firm
firm’s debts and partner’s private debts.
Ashok, Babu and Chetan are in partnership sharing profit in the proportion of 1/2, 1/3, 1/6 respectively. They dissolve the partnership of the December 31, 2012, when the balance sheet of the firm as under:
Balance Sheet of Ashok, Babu and Chetan as on December 31, 2012
Current Accounts :
The Machinery was taken over by Babu for Rs 45,000, Ashok took over the Investment for Rs 40,000 and Freehold property took over by Chetan at Rs 55,000. The remaining Assets realised as follows: Sundry Debtors Rs 56,500 and Stock Rs 36,500. Sundry Creditors were settled at discount of 7%. A Office computer, not shown in the books of Accounts realised Rs 9,000. Realisation expenses amounted to Rs 3,000.
Prepare Realisation Account, Partners Capital Account, Bank Account.
Why investment fluctuation reserve is not credited to partner's capital a/c in case of dissolution of firm?
diffrence between memorandum balancesheet and balance sheet
Copyright © 2020 Applect Learning Systems Pvt. Ltd. All rights reserved.