Prepare :
Realisation account
Partner's Capital account
Pass necessary journal entries
Dear Student,
Here is your answer,
Note: Student, as in the queston proper balancesheet is not given therefore we can not make realisation account that is why loss on realistion has already been calculated in the question.
Regards.
Here is your answer,
Note: Student, as in the queston proper balancesheet is not given therefore we can not make realisation account that is why loss on realistion has already been calculated in the question.
Regards.
