Hello , this question is from dissolution pg no. 10.224 my doubt is why did they made capital acc like this and why they have wrote realization loss on credit and debit both side?? Please can someone

Question

Arpita · Answer

Garner vs Murray rule apply kia hua h ..

Tamanna · Answer

Hello Jab Partnership Firm dissolved hoti hai YA Koi bhi partners insolvent hote hai to uski accounting treatment hai... 1. Jo bhi Realisation ka loss hai vo sabhi partners me distribute kar diya jata hai... Isliye partners account me Dr. Side realisation ka loss hai ...9600....9600...4800 2 Jo bhi Realisation ka loss hai vo sabhi partners firm me cash ke roop me layenge... isliye.... Partners account me Cr. side Cash likha hai ... Agar koi partnership firm mein partner INSOLVENT ho jata hai to vo Realisation ka LOSS NAHI LAYEGA... SIRF SOLVENT PARTNERS HI LAYENGE... Ok?

Hello , this question is from dissolution pg no. 10.224 my doubt is why did they made capital acc like this and why they have wrote realization loss on credit and debit both side?? Please can someone

2 answers

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