Accountancy, asked by praneelsahu, 3 months ago

Problems of dissolution of partnership firm

Answers

Answered by leenamp3

2

Explanation:

Due to bad financial position of the partners, the firm was dissolved and all the partners were declared bankrupt. The assets realised are as follows: Book Debts 45% less, Building Rs 1,60,000, Stock Rs 1,00,000, Machinery Rs 2,00,000 and Furniture & Fixtures Rs 40,000. Realisation expenses were Rs 10,000.

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