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Dissolution of Partnership

Accountancy

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

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Raviteja Kusumanchi

Raviteja Kusumanchi

Qualified CA

★ 42K+

05-Nov-20 16:00

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Answers (1)

Best Answer

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

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

05-Nov-20 18:26

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