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AMALGAMATION OF PARTNERSHIP Q NO 04

Accountancy

why we are taking deena bank ac in realisation ac 25000 and again bringing it in PC computation

JAYANAND PALLIKKAD

CA Inter

★ 0

29-Sep-21 12:26

383

Answers (6)

Best Answer

Thread Starter

JAYANAND PALLIKKAD

yes

In the question it is said that creditors are taken over at 25000 and all the other liabilities are paid from Dena bank. So obviously no information about closing of Dena bank is provided ( information about all other liabilities are given). So as it is not closed in by the vendor firm it should be taken ovet na

Christeena Ambel

CA Inter

★ 5K+

14-Oct-21 19:40

Are you referring to Illustration 5 of Hari, Lal and Jay

Sudha Reddy

CA Final

★ 20K+

29-Sep-21 14:21

Sudha Reddy

Are you referring to Illustration 5 of Hari, Lal and Jay

yes

Thread Starter

JAYANAND PALLIKKAD

CA Inter

★ 0

29-Sep-21 15:46

Liability taken over.

Sudha Reddy

CA Final

★ 20K+

06-Oct-21 09:10

Sudha Reddy

Liability taken over.

Only creditors are taken over

Christeena Ambel

CA Inter

★ 5K+

14-Oct-21 19:34

Christeena Ambel

Closed = not paid

Christeena Ambel

CA Inter

★ 5K+

14-Oct-21 19:43