Dissolution of Partnership Firm – Practical problem – (Balbharati Book Keeping and Accountancy 12th Board Exam)
Practical problem | Q 12 | Page 250
Shashwat and Shiv are equal partners. Their Balance Sheet stood as under :
Balance Sheets as on 31st March 2019.
As partners were not able to pay their loss amount, difference of amount is considered as deficiency of partners.