Partnership unit 1 Illustr 5

Accountancy

Why isn't advance to Y transferred to realization account??

krishna prasanthi

CA Final

★ 13K+

10-Nov-22 10:28

464

Answers (3)

They'll transfer it to Y capital account.

Manoj Raj

CA Final

★ 12K+

10-Nov-22 10:57

Because y became insolvent

Kishore Hari

CA Final

★ 12K+

10-Nov-22 15:36

It considered as drawing of partner

Divy Degda

CA Final

★ 2K+

11-Nov-22 00:26