How is the provident fund treated in the course of dissolution of a partnership firm?
How is the provident fund treated in the course of dissolution of a partnership firm?
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..
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.
CAclubindia
