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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 Final

34K+

14-Oct-21 09:12

206

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.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

14-Oct-21 10:09

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