Partnership
This query is : Resolved
Guest
Guest
(Querist)
01 August 2013
Hello all of you iam not able to understand meaning of paragraph in inverted comma.please try give its meaning and accounting treatment
F,G and K were partner sharing profit and losses at 2:2:1 .K retires on 31-12-2000.
"for this F & G agree to bring sufficient cash to discharge claim of K and make their capital proportionate"
F,G and K were partner sharing profit and losses at 2:2:1 .K retires on 31-12-2000.
"for this F & G agree to bring sufficient cash to discharge claim of K and make their capital proportionate"
Rupesh Jain
(Expert)
01 August 2013
total capital of three partner
in which f & g bring cash to repay the amount to k in ratio of their capital a/c balance on date of retirement of K
in which f & g bring cash to repay the amount to k in ratio of their capital a/c balance on date of retirement of K
Message likes :
1 times
Guest
Guest
(Querist)
04 August 2013
@ rupesh sir can you explain it in other words because i am unable to understand.
09 August 2024
https://docs.google.com/document/d/1YwztjICxN8B-tgrwovTuwZx-U-mW-OEoo-RZtY-6sE0/edit?usp=sharing
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- EPF ECR NEW FILE SEP 17TH 2026
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
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
