Forums
Back
Doubt
Accountancy
Sir in this sum one partner retired but the joint life policy surrender amount is not transferred to partner's why?
Answers (3)
CA Suraj Lakhotia Admin
The question says that it will appear in balance sheet.
Sir then we won't use that for paying retiring partner's due amount
Thread Starter
Sri kanaga VarshiniSir then we won't use that for paying retiring partner's due amount
The firm will pay using other sources.
Your Reply