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Dissolution of partnership firm

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23 November 2016 if the partnership firm is dissolved the how to prepare balance sheet and profit & loss account.
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CA. Vinodh Kothari

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CA. Vinodh Kothari (Expert)
23 November 2016 Prepare the Financials as on the date of dissolution and transfer the profit / loss to the partners capital. What ever assets and liabilities are there transfer to Partners capital account based on the profit sharing ratio or partnership deed.

VK
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shashikant

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shashikant (Querist)
24 November 2016 Thank you sir for sharing your knowledge with me.
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