what is the treatment when the jlp is maintained at surrender value in the books and
1.a partner retires from the firm
2.death of a partner.
what is the amount that the partners would be entitled to in each of the above cases???
Tanash Chakraborty (KPMG) (292 Points)
14 June 2011what is the treatment when the jlp is maintained at surrender value in the books and
1.a partner retires from the firm
2.death of a partner.
what is the amount that the partners would be entitled to in each of the above cases???
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 15 June 2011
as per profit sharing ration in surrender value
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