Why partner’s loan is not transferred to Realisation A/c? Post category:Accountancy Reading time:1 mins read SOLUTION Partners’ Loan is not an outside liability. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostState the reason why a partner’s wife loan is transferred to Realisation A/c? Next PostWhen a Creditor takes over an asset whose value is less than the amount due to him in full settlement of his claim, what entry shall be passed? You Might Also Like A company issued 10,000 shares of the value of Rs. 10 each, payable Rs. 3 on application, Rs. 3 on allotment and Rs. 4 on the first and final call. All amounts are duly received except the call money on 100 shares. These shares are subsequently forfeited by Directors and are resold as fully paid-up for Rs. 500. Give necessary journal entries for the transactions. July 14, 2022 Mention two ratios in which both the figures are from Balance Sheet. October 3, 2022 Balance Sheet had the following amounts as at 31st March, 2019: August 12, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A company issued 10,000 shares of the value of Rs. 10 each, payable Rs. 3 on application, Rs. 3 on allotment and Rs. 4 on the first and final call. All amounts are duly received except the call money on 100 shares. These shares are subsequently forfeited by Directors and are resold as fully paid-up for Rs. 500. Give necessary journal entries for the transactions. July 14, 2022
