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 What is G.P. Ratio? October 3, 2022 Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd. July 13, 2022 P, Q and R were partners in a firm sharing profits in the ratio of 5: 4: 3 respectively. Their capitals were Rs. 50.000. Rs. 40.000 and Rs. 30,000 respectively. Slate the ratio in which the goodwill of the Firm, amounting to Rs. 6,00,000. Will be adjusted in the capital accounts of the remaining partners on the retirement of Q. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd. July 13, 2022
P, Q and R were partners in a firm sharing profits in the ratio of 5: 4: 3 respectively. Their capitals were Rs. 50.000. Rs. 40.000 and Rs. 30,000 respectively. Slate the ratio in which the goodwill of the Firm, amounting to Rs. 6,00,000. Will be adjusted in the capital accounts of the remaining partners on the retirement of Q. September 27, 2022
