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Dissolution of Partnership

This is illustration 5. Why is realization expenses not considered in this sum?

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Raviteja Kusumanchi

Raviteja Kusumanchi

CA Inter

13K+

05-Nov-20 16:00

11

Answers (1)

Best Answer

The firm already has 500 balance. and first instalment realised is 1000. So 500 is kept aside and distributed.


Suraj Lakhotia

Suraj Lakhotia

Admin

05-Nov-20 18:26