how will the treatment be done if partners capitals are fixed in case of retirement
Dear Student
In case partners capital account are fixed then all the adjustments shall be done from current accounts of the partners, and the partner who is leaving shall be paid the total amount of his capital and adjusted the current account.
See here all the adjustments like goodwill, profit and loss shall be passed through current accounts.
Regards
In case partners capital account are fixed then all the adjustments shall be done from current accounts of the partners, and the partner who is leaving shall be paid the total amount of his capital and adjusted the current account.
See here all the adjustments like goodwill, profit and loss shall be passed through current accounts.
Regards