Interested to Buy Any Domain ? << Click Here >> for more details...
circumstances in dissolution of solvent and insolvent partner in garner v/s murray rule
- 1 Answers
- 3573 Views
- I also Faced
- E-Mail Answers
Answer Posted / shweta
When a partner’s capital account shows a debit balance on dissolution of the firm, he has to pay the debit balance to the firm to settle his account. If the partner becomes insolvent, he is unable to pay back the amount owed by him to the firm in full. The amount not paid is a loss to the firm which under the Garner vs Murray Rule is to be borne by the solvent partners
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are the duties of sales tax department? Explain it
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
difference between vat 47 & vat 49
what is meant by cash purchase?
hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
what is composition vat
proprietor pays the hotel expenses of foreign client by his icici bank credit card. and then he pays the credit card bill by canara bank current account. how to pass entries in tally for this secnario
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
Breif notes about accounting standards
Expand---------PED
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
what did you mean by cash credit limit account ?
what are the different causes for discrepencybetween the balance of cash book and pass book
