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Name the asset that is not transferred to the debit side of Realisation Account, but brings certain amount of cash against its disposal at the time of dissolution of the firm.

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

SOLUTION

Unrecorded Asset.







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Previous PostFixed Assets appear in the Balance Sheet of a firm at Rs. 52,000. They realised at a loss of 4% on net collection. State the amount collected from such assets.
Next PostState any two grounds on the basis of which court may order for the dissolution of partnership firm. (C.B.S.E. 2019, Kerala)

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