and from point B y r v deducting 1800 from 18000 and distributing 16200 among all partners???
pls download the attachment for the question :) thanks
ali (Student CA CPT ) (130 Points)
21 March 2014and from point B y r v deducting 1800 from 18000 and distributing 16200 among all partners???
pls download the attachment for the question :) thanks
sachin
(student)
(113 Points)
Replied 22 March 2014
Ans. In First Condition (A), there is given opening balance on 1st Jan Rs.1400 and Rs. 700 paid on due date of annual premium, then B died on 1st Feb and total balance of LIC Rs.2,100/- already paid, Total Amount Received From Insurance Company Rs. 18,000/- so, Balance Amt. transfered to all partners capital.
In Second Condition (B), there is balance of LIC on the death of Rs. 1800, so balance amt rs. 16,200 transfered to capital account of each partner.
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training