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In practical question illustration 3why we are not disclosing kumar loana/c in realization a/c and carryingforward to capital a/c
Answers (2)
We can do both ways either we can take in realisation a/c transfer realisation gain to partners capital a/c or we can take in partners capital a/c transfer that gain to realisation a/c. So to avoid confusion go with general treatment - record in realisation a/c only
