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What is the treatment of provisions against assets on dissolution of a firm?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Provisions against assets are credited to Realisation A/c.







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Previous PostAt which value the assets against which provisions exist are transferred to Realisation Account?
Next PostWhat entry is passed when an asset is given to a Creditor in full settlement of his dues?

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