describe the rule of garner vs murray and how it relates to
the dissolution of a partnership
- 1 Answers
- 4257 Views
- Chevron, I also Faced
- E-Mail Answers
Answer / sharafu
• Loss on realisastion considered being ordinary loss and therefore to be shared by all the partners according to their profit sharing ratio.
• Solvent partners to bring cash equal to their share of loss on realisation
• Loss on account of deficiency of insolvent partner considered being capital loss, therefore to be shared by solvent partners according to their capital account balance. (Capital account balance just before the dissolution of the firm)
| Is This Answer Correct ? | 0 Yes | 1 No |
what is the difference between backup and restore in tally software pls tell me friends?
IN THE COMPANY 'X' PERSON INJURED AND HE GOT TREATMENT FROM HOSPITAL AND COMPANY GIVEN THE AMOUNT RS 950/- AND DEDUCTED TDS AMOUNT RS 50/- WE GIVEN THE PAYMENT BY CHEQUE TO THAT HOSPITAL THEN WHAT WILL BE THE ENTRY
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
How did you chose your university?
What is s bank reconciliation statement? Give an ex where the Bank book and d cash book will not reconcile?
what is suspense a/c?
What is meaning of invoice?
i am normally accountant. i am not a CA. then i learn a account maintain
0 Answers Airtel, State Bank of Mysore SBM,
Calculate the total Depreciation for four or five Years so give example?
what is journal entry in the transferee company book in the case of amalgation
how to pass journal entries for recivables & payables if they are paid next asses year
What is the mean of capital in account
Audit 
