Profit or loss transferred between partners
This query is : Resolved
26 February 2022
Any loss in partnership firm will be distributed to partner's capital account just like a profit . is it true.
26 February 2022
False ..
26 February 2022
i mean that Loss should be distributed among partners Partner sharing ratio. also.
26 February 2022
The loss is carried forwarded for set off against future incomes...
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