Dissolution of firm
This query is : Resolved
27 July 2014
logic why cash payment is always equal to cash received by firm. in cash account prepare at the end.
28 July 2014
You can not pay cash if you do not have cash in hand so there should not be any entry which will bring cash in hand negative...
29 July 2014
THANKS,BUT AS PER ANY GIVEN QUESTION,AMOUNT RECEIVED ON SALE OF ASSETS AND AMOUNT PAID ON PAYMENTS OF LIABILITIES ,NET AMOUNT OF CASH ,HOW IT IS EQUAL FOR CAPITAL PAYMENT DUE.
29 July 2014
After paying liability, if there is surplus, then it should be distributed as per capital/profit sharing ratio between partner as per partnership deed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- RNOR Status but Investments more than Income
- Procedure for claiming exemption in Article Ship for CA Course
- What is provisional receipt number for generation of form 16A
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
