Practicing Success
A and B Partners were sharing profit & loss in the ratio 3:1. At the time of dissolution, Loss on Realisation A/c of ₹6,000 was discovered. How will it be treated to partner's capital A/c? |
A's Capital A/C Dr. 4,500 Realisation A/C Dr. 6,000 Partner's Capital A/c Dr - 6,000 Realisation A/C Dr 6000 |
A's Capital A/C Dr. 4,500 |
6,000 * 3/4= 45,00 |