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What is the difference between conversion and sale of firm to company. The entries are same in all sums


venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Inter

32K+

14-Oct-21 09:12

41

Answers (1)

Best Answer

conversion - existing partnership converted sale - the firm is sold to an existing company There would not be much of a difference from accounting perspective.


Suraj Lakhotia

Suraj Lakhotia

Admin

14-Oct-21 10:09

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