Partnership accounts

Accountancy

Can any one explain treatment for INVESTMENT,BANK LOAN, INSURANCE POLICY in below question

Sairam Reddy

CA Final

★ 10K+

13-Mar-22 20:41

477

Answers (1)

What's your doubt in this? These are assets / liabilities not taken over and hence will be closed using Business Purchase A/c

Sahibdeep Singh

CA Inter

★ 14K+

14-Mar-22 14:29