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How will you treat the accumulated profits, shown in the balance sheet at the time of death of partners?
Most Upvoted Answer
How will you treat the accumulated profits, shown in the balance sheet...
if it is shown in asset side then cr. it and distribute to all partner in old ratio and if it is in liab. side dr.it and distribute among partners
Community Answer
How will you treat the accumulated profits, shown in the balance sheet...
we will divide it in the old ratio of the partner and show died partner share of accum. pro. in his capital a/c
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How will you treat the accumulated profits, shown in the balance sheet at the time of death of partners?
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How will you treat the accumulated profits, shown in the balance sheet at the time of death of partners? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about How will you treat the accumulated profits, shown in the balance sheet at the time of death of partners? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How will you treat the accumulated profits, shown in the balance sheet at the time of death of partners? .
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