what is the treatment of advertisement suspense in revaluation and partners capital a/c?

Dear Student,

Advertisement suspense A/c forms a part of accumulated losses & thus requires to be debited to partners' capital Accounts in old ratio. That means in case of Admission
/retirement/death of a partner it would be debited in capital accounts of old partners in old ratio i.e. the new incoming partner will not borne this loss but the outgoing partner will.

‚ÄčThere would be no separate treatment in revaluation Account.

Regards,

  • 9
It Will Be Treated In Partners Capital Account As Expense And Hence Debited To partners
  • 1
What are you looking for?