Accountancy, asked by ukey3444, 1 year ago

If a partner takes over an asset for cash how is it treated in dissolution

Answers

Answered by simran3563
0

no entry mill passed

Answered by ShresthRohila
0

It will be taken as sold of asset.

We have to record it on Realisation A/c ,credt side under the heading-

By Cash/Bank A/c

And will be Debit to Cash/Bank A/c.

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