Accountancy, asked by muhammadhussain17927, 10 months ago

When a liability is discharged by a partner at the time of dissolution capital account is created because

Answers

Answered by abisheksha
0

Answer:

yes when a liability is rich charged by a partner at the time of dissolution capital account is

Answered by isyllus
0

to close all partner balances and reserves

Explanation:

When a liability is discharged by a partner at the time of dissolution capital account is created because business is going to close all partner balances and reserves we need to close by opening a Capital Account, by reversing their balances so that final Settlement is made between partners

#learn more

https://brainly.in/question/14553511

Similar questions