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Doubt in partnership illustration ca foundation

Accountancy

In this Illustration eight and seven from calculating sacrifice ratio one person is coming negative means gain na then clearly one person is gaining and other person is losing .. in illustration 7 page 8.45 it should be c's capital ac dr To a's capital ac na why is entry Reverse same in illustration 8 also

Harshitha Kalidindi

CA Final

★ 46K+

04-Nov-21 07:41

413

Answers (3)

They have calculated gaining ratio. Negative in gaining ratio means partner has sacrificed so accordingly gaining partner Dr to sacrificing partner entry will be passed

Himanshu Somani

CA Final

★ 97K+

05-Nov-21 16:30

Himanshu Somani

They have calculated gaining ratio. Negative in gaining ratio means partner has sacrificed so accordingly gaining partner Dr to sacrificing partner entry will be passed

I didn't get u

Thread Starter

Harshitha Kalidindi

CA Final

★ 46K+

05-Nov-21 16:36

Account of gaining partner is debited and sacrificing partner credited.

Sahibdeep Singh

CA Inter

★ 14K+

06-Nov-21 10:08