IndigoLearn

Doubt

Sir in this sum one partner retired but the joint life policy surrender amount is not transferred to partner's why?

Attachments

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Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

21-Nov-20 22:21

18

Answers (3)

The question says that it will appear in balance sheet.


Suraj Lakhotia

Suraj Lakhotia

Admin

22-Nov-20 08:21

The question says that it will appear in balance sheet.

Sir then we won't use that for paying retiring partner's due amount


Sri kanaga Varshini

Sri kanaga Varshini

CA Inter

1K+

22-Nov-20 18:33

Sir then we won't use that for paying retiring partner's due amount

The firm will pay using other sources.


Suraj Lakhotia

Suraj Lakhotia

Admin

23-Nov-20 16:57