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Retirement of partner

What should be Accounting treatment for salary allowed to retired partner is to be brone by other partner?

Hrishikesh Ransing

CA Inter

★ 2K+

28-Nov-20 14:35

Answers (4)

Debit other partners, credit retiring partner.

Suraj Lakhotia

Admin

28-Nov-20 17:11

Debit other partners, credit retiring partner.

Thank you

Hrishikesh Ransing

CA Inter

★ 2K+

28-Nov-20 17:16

Debit other partners, credit retiring partner.

In which ratio sacrifice or new PSR or old PSR

Hrishikesh Ransing

CA Inter

★ 2K+

12-Dec-20 12:47

In which ratio sacrifice or new PSR or old PSR

New.

Suraj Lakhotia

Admin

12-Dec-20 17:12

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