English, asked by khopadepooja26, 5 months ago

28. Asset taken over by a partner is -

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Answered by rahamathbasha923

0

When a partner agree to pay the liabilities or take over any asset then firm will make the realisation account and respective partner who take over the asset will credit in realisation account and if he agree to pay the liabilities then his account will debit in realisation account .

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