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Debentures under dissolution

Accountancy

What should be the treatment of debentures under dissolution of partnership firm. It should treated as like any other liability and transfer to Realisation account.?

Saravana Perumal

Saravana Perumal

CA Final

★ 3K+

19-Apr-23 16:16

292

Answers (1)

You would not have debentures in a partnership firm as a liability

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

20-Apr-23 12:25

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