Answer Posted / prajapati pravin
The loss on account of insolvency of a partner is a CAPITAL
loss which should be borne by the solvent partners in the
ratio of their capitals standing in the balance
The loss due to the insolvency of a partner should be then
be divided among the solvent partners in the ratio of
capitals standing after the partners have brought in cash
equal to their share of loss on realization.
Is This Answer Correct ? | 37 Yes | 28 No |
Post New Answer View All Answers
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.
what is meant by virus
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
Short answer on Amalgamation
why the closing stock is not considered in drawing trail balance.... Are there any other items like the above
what is data entry? what is report generation ?in accounting how it is used .
pls send me capital iq quition paper pls, ihave 2mr interview thanks
What problems might be encountered if there were no accounting standards?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
What are Corporate Action?
what are the financial ratios that a manager see in accounting?
Hello Everbody....this saturday i attended the interview of times job fair...were capgemini has called me for technical round ..I am bcom graduate with tally an SAP FICO....Can any body help me ... I wan to know what is this technical round...An what they may ask me ......if any body have question an answer kindly send to my id ..that is damudi123@yahoo.com....or contact me to my number ..+919900410314.Or any body have friends working in capgemini bangalore?Please i need urgent help...thnak you with regards adnan hasan
What is ABC Analysis in industrial function. hw can it s maintain ?
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex