Profit or loss transferred between partners

This query is : Resolved

Daya (Querist)
Follow

26 February 2022 Any loss in partnership firm will be distributed to partner's capital account just like a profit . is it true.

Dhirajlal Rambhia (Expert)
Follow

26 February 2022 False ..

Daya (Querist)
Follow

26 February 2022 i mean that Loss should be distributed among partners Partner sharing ratio. also.

Dhirajlal Rambhia (Expert)
Follow

26 February 2022 The loss is carried forwarded for set off against future incomes...

Message likes : 2 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess