Question

If partners current accounts are given during dissolution , where do the adjustment go

Answer 1

ʜᴇʏᴀ ᴜsᴇʀ ʜᴇʀᴇ ɪs ᴜ ʀ ᴀɴsᴡᴇʀ

⬇️⬇️⬇️⬇️⬇️

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ɪғ ᴘᴀʀᴛɴᴇʀs ᴄᴜʀʀᴇɴᴛ ᴀᴄᴄᴏᴜɴᴛ ɢɪᴠᴇɴ ɪɴ ᴛʜᴇ ᴅɪssᴏʟᴜᴛɪᴏɴ ᴏғ ᴘᴀʀᴛɴᴇʀsʜɪᴘ ғɪʀᴍ..

ᴛʜᴇɴ....

ᴅᴏ sᴀᴍᴇ ᴀᴅᴊᴜsᴛᴍᴇɴᴛs, ᴀɴᴅ ᴍᴅ ᴛʜᴇʀᴇ ᴇғғᴇᴄᴛs ɪɴ ᴘᴀʀᴛɴᴇʀs ᴄᴜʀʀᴇɴᴛ ᴀᴄᴄᴏᴜɴᴛ..

ʙᴇᴄᴀᴜsᴇ....ᴘᴀʀᴛɴᴇʀs ᴄᴜʀʀᴇɴᴛ ᴀᴄᴄᴏᴜɴᴛ ɪs ᴏᴘᴇɴᴇᴅ ᴡʜᴇɴ ʙᴜsɪɴᴇss ᴄᴏɴᴄᴇʀɴs ᴀᴅᴏᴘᴛ

✳️ғɪxᴇᴅ ᴄᴀᴘɪᴛᴀʟ ᴍᴇᴛʜᴏᴅ.

sᴏ, ɴᴏ ᴅɪғғᴇʀᴇɴᴄᴇ ɪɴ ᴘᴀʀᴛɴᴇʀs ᴄᴜʀʀᴇɴᴛ ᴀᴄᴄᴏᴜɴᴛ ᴀɴᴅ ᴘᴀʀᴛɴᴇʀsʜɪᴘ ᴄᴀᴘɪᴛᴀʟ ᴀᴄᴄᴏᴜɴᴛ...

ɪs sᴀᴍᴇ ᴀs ᴘᴀʀᴛɴᴇʀs ᴄᴀᴘɪᴛᴀʟ ᴀᴄᴄᴏᴜɴᴛ

ᴍᴀʏʙᴇ ᴜ ᴜɴᴅᴇʀsᴛᴀɴᴅ
...

ᴛʜᴀɴǫ

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