Partnership accounts

Accountancy

In icai book practical problem no3 discharging kumarloan is written in realization and cash a/c and why it is taken in capital a/c but not taken in previous problem like illustration5

satya nagulapalli

CA Inter

★ 150

26-Oct-21 16:55

562

Answers (6)

both approaches are acceptable.

CA Suraj Lakhotia

Admin

26-Oct-21 16:57

Sir doing in practical problem cash a/c is not balancing

Thread Starter

satya nagulapalli

CA Inter

★ 150

26-Oct-21 17:11

And actually my doubt is taking kumar loan a/c in realization and cash a/c is enough no sir and again why taking in capital a/c of kumar and also not taken in previous problems

Thread Starter

satya nagulapalli

CA Inter

★ 150

26-Oct-21 17:15

Thread Starter

satya nagulapalli

And actually my doubt is taking kumar loan a/c in realization and cash a/c is enough no sir and again why taking in capital a/c of kumar and also not taken in previous problems

I do not see Kumar Loan in realisation account.

CA Suraj Lakhotia

Admin

01-Nov-21 07:57

Yes sir it is not there in realization a/c. But we can write inrealisationa/c no sir instead of being carried to capitala/c

Thread Starter

satya nagulapalli

CA Inter

★ 150

01-Nov-21 10:05

Thread Starter

satya nagulapalli

Yes sir it is not there in realization a/c. But we can write inrealisationa/c no sir instead of being carried to capitala/c

Is there any mention of repayment of loan

Sudha Reddy

CA Final

★ 20K+

01-Nov-21 10:15