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Practical Q3,dissolution

Accountancy

Can we show kumar's loan in realisation account here

Gauri Shete

CA Final

★ 4K+

06-Nov-22 21:40

359

Answers (3)

No.. Partner loan account should be taken to partner's capital account only..

Manoj Raj

CA Final

★ 12K+

06-Nov-22 21:43

Manoj Raj

No.. Partner loan account should be taken to partner's capital account only..

Can you please clarify about 1) Partners wife loan 2)Cash/Bank Whether above 2 items should be taken to Realisation account??

Naveen Kumar S

CA Inter

★ 1K+

07-Nov-22 01:06

Naveen Kumar S

Can you please clarify about 1) Partners wife loan 2)Cash/Bank Whether above 2 items should be taken to Realisation account??

Cash/Bank - No Partners wife loan - can be settled directly or trf to realisation and then settle.

CA Suraj Lakhotia

Admin

14-Nov-22 16:47