Doubt/query regarding solution of this Partnership sum
Why has the balance in Dena Bank overdraft account been cosidered part of Purchase Consideration, when there is no mention of the same being taken over? The onky liability that is taken over as mentioned in the question is Creditors. [Illustration 4: Video 11/12 of Amalgamation of Partnership module]
Generally upon conversion, all assets and liabilities are taken over as the business is continuing.
Ok thank you.