Interested to Buy Any Domain ? << Click Here >> for more details...
describe the rule of garner vs murray and how it relates to
the dissolution of a partnership
- 1 Answers
- 5271 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 mean by deffered revenue expenditure?
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
who is invented to accounting
what is general accounting
What is the different between Tally 7.2 & Tally 9.0
Cheque dishonoured by bank What will be the entry i tally?
Is there any significance between Bank Reconciliation and Account Reconciliation in Accounts?
what is thr differences between sales & sales invoice ?
WHAT IS CRR, REPORATE, REVERSE REPO RATE
What is the Meaning of Current ratio?
Tell me about an invoice discrepancy you discovered and how you resolved it
why u maintain accounts in business
Audit 
