On dissolution what entry is passed if a partner undertakes to make payment of a liability of the firm
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REALISATION AC DR
TO PARTNERS CAPITAL AC CR.
TO PARTNERS CAPITAL AC CR.
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Hey mate ✌️✌️
Realisation A/c..........................Dr
............To partner capital A/c
✨ Hope this helps you ✨
Realisation A/c..........................Dr
............To partner capital A/c
✨ Hope this helps you ✨
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