Skip to content

CA Foundation doubt

Koi eska ans bta do. The the partner had decide to distribute all the reserves and profit and loss account but to leave the assets at their original amount so the effect of adjustment in the book of t

Asked by SHUBHAM6 Mar 2024661 views

3 answers

  1. Param · 7 Mar 2024

    Gaining partner capital A/c Dr to Sacrificing partner capital A/c

  2. Akhlad · 6 Mar 2024

    First find how much he will gain by dividing the reserve with his share .This is the amt that he will gain so he has to compensate old partners in the SACRIFICING RATIO.

  3. SHUBHAM · 6 Mar 2024

    Okh report 👍

Free app · 5 lakh+ learners

Ask your doubt in the Studycaller app

Read full notes, ask doubts, follow toppers and track your study hours — free on Android and iPhone.