If there is no agreement between the partners, Garner vs Murray rule is applied by default even if the question is silent.

Suraj Lakhotia

Admin

20-Feb-20 06:17

If there is no agreement between the partners, Garner vs Murray rule is applied by default even if the question is silent.

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Suraj Lakhotia

Admin

20-Feb-20 06:17

If that's the case why not cash is not brought for the loss on realisation

Gokul Nath

CA Inter

★ 330

26-Feb-20 18:02

You need to bring in cash for realisation loss. (Though generally its a book entry only, but still need to show). The book might be incorrect.

Suraj Lakhotia

Admin

26-Feb-20 18:39