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When an asset is taken over by a partner, why is his capital account debited? - Accounts

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प्रश्न

When an asset is taken over by a partner, why is his capital account debited?

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उत्तर

When a partner takes over an asset, their capital account is debited because their entitlement from the firm decreases by the value of the asset received.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 5: Dissolution of Partnership Firm - SHORT ANSWER QUESTIONS [पृष्ठ ५.७४]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 5 Dissolution of Partnership Firm
SHORT ANSWER QUESTIONS | Q 10. | पृष्ठ ५.७४
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