On dissolution, what entry is passed if a partner takes over an asset of the firm Valued Rs. 10,000 at Rs. 6,000? Post category:Accountancy Reading time:1 mins read SOLUTION Partner’s Capital A/c Dr. 6,000 To Realisation A/c 6,000 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 PostGive one distinction between reconstitution of a firm and dissolution of a firm. Next PostWhen an asset is taken over by a partner, why is his Capital Account debited? You Might Also Like Why salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? September 26, 2022 Give the average period, in months, for charging interest on drawings of a fixed amount withdrawn at the beginning of each quarter. October 7, 2022 A Ltd. invited applications for issuing 1,00,000 shares of Rs. 10 each at a premium of Rs. 1 per share. The amount was payable as follows: July 15, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Why salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? September 26, 2022
Give the average period, in months, for charging interest on drawings of a fixed amount withdrawn at the beginning of each quarter. October 7, 2022
A Ltd. invited applications for issuing 1,00,000 shares of Rs. 10 each at a premium of Rs. 1 per share. The amount was payable as follows: July 15, 2022
