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Partnership sale to company illu 6 and 9
Accountancy
The illustration 6 and 9 are somewhat the similar but in the partners capital account of iilu 6 in the balance c/d on 29.6.2 the cutrent year profit and drawing is not adjusted it is adjusted later.but in illu 9 the bal c/d is after adjustment of current year profit. I have underlined the partners capital ac in pink where i have doubt
Answers (3)
sushma verma
But there... one thing is different....in the illustration 6 they have c/d the balance on 29.06.2 Pr if we have c/d it on 30.06.02 then there will be no difference b/w illustration 6 and 9.
Lekin dono me treatment alg hone ki vjh se uka Matlab Badal jaa rha h... jese illustration 6 me baad me Kiya to mtlb ki after sale they have drawn the amt.....but in 9th illustration before the sale of partnership firm they withdrawn.
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