CA Foundation doubt
How to do adjustment 1 ??
Asked by Shravani8 Nov 2024459 views
1 answer
Madhavv · 8 Nov 2024
As per icai you have to consider pf goodwill and capital combinely first means that can be understood by entry Bank account DR To c capital ac ( capital brought by him+ p/f brought by him) Then next u have to pass a adjustment entry i.e gaining partner DR To sacrificing partner (by calculating gain/sacrifice) post the above entries in accounts respectively!
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