What is a balanced budget.

+2 votes

asked Mar 26, 2019 in Class 12 by kratos

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+5 votes

answered Aug 31, 2020 by kratos

Best answer

Balanced budget is that when estimated receipts are equal to estimated expenditure.

In which circumstances compulsory dissolution is happen?
A, B and C’s profit sharing ratio is 1 : 2 : 2. Before debiting realization loss partners capital account balance are Rs 3,000 (Dr.),
”There is a difference between dissolution of partnership and partnership firm.” Explain this statement.
Explain Garner V/S Murray rule.
At the time of dissolution of the firm, partners capital Rs 20,000, liabilities Rs 15,000 and cash balance

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