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Sir, in below problem in question given that interest is received on 30th September. Then if we sold debentures in october how interest will come.
Answers (3)
CA Suraj Lakhotia Admin
Interest would not be received.
Sir, in partnership account what is business purchase a/c Why we prepare it and pls see the ism illustration 2ð???ð???
Booli Bharath
Sir, in partnership account what is business purchase a/c Why we prepare it and pls see the ism illustration 2ð???ð???
Business purchase account is prepared to incorporate assets and liabilities and settle the purchase consideration. You will learn it in depth in Amalgamation of companies chapter.
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