Business Studies, asked by gurmeetsareen9004, 1 year ago

Give the journal entry of partners loan appearing in the asset side of balance sheet in a dissolution of a firm

Answers

Answered by Anonymous

Transferring all the assets except Cash or Bank Account to the debit side of the account. Transferring all the liabilities except Partner's Loan Account and Partners' Capital Accounts to the credit side of the account. Crediting the Receipt on the sale of assets to the account.

Previous Question

Next Question

Similar questions

Math, 6 months ago

6 E = {all triangles} E = {equilateral triangles} I = {isosceles triangles} R = {right-angled triangles} a Draw a Venn diagram to show the sets E, I and R. b Sketch a member of in R. c Describe the sets IU E and TUR. d Describe the sets In E and En R.

Math, 6 months ago

additive identity of integers ________ ...

Computer Science, 6 months ago

Click on _______ to see the files and folder have created. My document Turn off computer My computer Start menu ...

Social Sciences, 1 year ago

Analyse the various functions of consumer organisation which protects consumer from exploitation...

Environmental Sciences, 1 year ago