Hello,
One of my partner expired, so as per the deed his capital should be given to her wife. Payment of the leftover of his capital has been given to her wife.
How do I do the entry in tally so that his capital becomes 0?
Thanks
Shahid
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Partner expired
Replies (2)
No one??
:(
Kindly go through this article
https://www.yourarticlelibrary.com/accounting/partnership-account/death-of-a-partner-accounting-entries-with-illustration/54462/
https://www.yourarticlelibrary.com/accounting/partnership-account/death-of-a-partner-accounting-entries-with-illustration/54462/
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