In the event of dissolution of a partnership firm, where is the provision for doubtful debts transferred? Post category:Accountancy Reading time:1 mins read SOLUTION On the Credit side of Realisation Account. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 a firm, where is cash in hand transferred? Next PostOn dissolution of a partnership firm, where is profit or loss on realization transferred? You Might Also Like What will be the operating profit ratio, if operating ratio is 83.64%? October 3, 2022 Amar, Bhanu, and Charu are partners in a firm. Amar and Bhanu are to get annual salary of Rs. 1,20,000 p.a. each as they are fully involved in the business. Net profit for the year is Rs. 4,80,000. Determine the share of profit to be credited to each partner. July 21, 2022 Jain Ltd purchased machinery costing Rs. 10,00,000 from Ayer Ltd. 50% of the payment was made by cheque and for the remaining 50%, the company issued Equity Shares of Rs. 100 each at a premium of 25%. Pass necessary Journal entries in the books of Jain Ltd. for the above transaction. July 14, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.