How is the provident fund treated in the course of dissolution of a partnership firm?
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Provident fund in dissolution of a partnership firm
Replies (6)
Provident Fund is a liabilty of the firm and just like other liability it has to be paid off even if not mentioned in the question..
Thanks for your answer!
iska mtlb pf relisation mein jaayega direct... Bt ek book mein pf ko sirf partners ke capital acount meim debit kiya huya e.. uska kyaa???
PF is an outside liability...Its has to be paid-off...either through the firm( debitin Realisatn ac) or through the partners ( debitin Capital ac).....
Thank you so much dear
Since Provident Fund is a outside liability, it is to be paid either through bank or partner's capital after transfering it to realisation a/c.
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