Does Employees Provident Fund will be transferred to Realisation Account if given on Balance Sheet?If yes then why?
Hey Angel, Employee Provident Fund is transferred to Realisation A/c but it should not be paid like other liabilities because it is not the actual liability of the firm.
However, this topic is already covered in the Study Material provided to you on our.To view, follow the link given below.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/accountancy/partnership-accounts/dissolution-of-partnership-firm/435_2432_7728#slide3_format-of-realisation-a/c-realisation-expenses-partners-loan-a/c
We advise you go through it. This will help you. If you still find any doubt, then do get back to us. We try our best to help you in the best possible way.
Keep Posting!!
However, this topic is already covered in the Study Material provided to you on our.To view, follow the link given below.
https://www.meritnation.com/cbse/class12-commerce/studymaterial/accountancy/partnership-accounts/dissolution-of-partnership-firm/435_2432_7728#slide3_format-of-realisation-a/c-realisation-expenses-partners-loan-a/c
We advise you go through it. This will help you. If you still find any doubt, then do get back to us. We try our best to help you in the best possible way.
Keep Posting!!