29 July 2014
THANKS,BUT AS PER ANY GIVEN QUESTION,AMOUNT RECEIVED ON SALE OF ASSETS AND AMOUNT PAID ON PAYMENTS OF LIABILITIES ,NET AMOUNT OF CASH ,HOW IT IS EQUAL FOR CAPITAL PAYMENT DUE.
29 July 2014
After paying liability, if there is surplus, then it should be distributed as per capital/profit sharing ratio between partner as per partnership deed.
CAclubindia
