On dissolution of firm, what payment Is made first from the personal assets of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION Private debts of that partner. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostOn dissolution of firm, what entry is passed for payment of an unrecorded liability? Next PostOn dissolution of a firm, what entry is passed on making payment of realization expenses by a partner? You Might Also Like Under what headings will you show the following items in the Balance Sheet of a Company; (i) Preliminary Expenses; (ii) Acceptances (B/P) September 30, 2022 Creditors amounting to Rs. 80,000 are transferred to Realisation Account. What entry will be made on their payment if Rs. 10,000 of the creditors are not to be paid and the remaining creditors agreed to accept 20% less amount? September 27, 2022 From the following details. Calculate Cash Flow from Investing Activities: August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Under what headings will you show the following items in the Balance Sheet of a Company; (i) Preliminary Expenses; (ii) Acceptances (B/P) September 30, 2022
Creditors amounting to Rs. 80,000 are transferred to Realisation Account. What entry will be made on their payment if Rs. 10,000 of the creditors are not to be paid and the remaining creditors agreed to accept 20% less amount? September 27, 2022
