Retirement of partner

Accountancy

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

Hrishikesh Ransing

CA Final

★ 4K+

28-Nov-20 14:35

632

Answers (4)

Debit other partners, credit retiring partner.

CA Suraj Lakhotia

Admin

28-Nov-20 17:11

CA Suraj Lakhotia Admin

Debit other partners, credit retiring partner.

Thank you

Thread Starter

Hrishikesh Ransing

CA Final

★ 4K+

28-Nov-20 17:16

CA Suraj Lakhotia Admin

Debit other partners, credit retiring partner.

In which ratio sacrifice or new PSR or old PSR

Thread Starter

Hrishikesh Ransing

CA Final

★ 4K+

12-Dec-20 12:47

Thread Starter

Hrishikesh Ransing

In which ratio sacrifice or new PSR or old PSR

New.

CA Suraj Lakhotia

Admin

12-Dec-20 17:12