On dissolution of a firm, where is cash in hand transferred? Post category:Accountancy Reading time:1 mins read SOLUTION On the Debit side of Cash 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 are assets shown in the balance sheet transferred? Next PostIn the event of dissolution of a partnership firm, where is the provision for doubtful debts transferred? You Might Also Like Differentiate between Called-up Share Capital’ and ‘Paid-up Share Capital’. (C.B.S.E.2016 Comptt. Delhi) September 28, 2022 Does partnership firm has a separate legal entity? Give reason in support of your answer. (Delhi 2017) October 7, 2022 Rachit, Shekhar and Tarun were partners sharing profits in the ratio of 2: 3: 4. Shekhar retired on 1st April, 2018 on which date the Balance Sheet of the firm showed the following position: (i) Investments (Market Value 2,60,000) 3,00,000; (ii) Investment Fluctuation Reserve 1,30,000 Shekhar was of the opinion that Rs. 1,30,000 should be credited to the Capital accounts of all the partners in their profit-sharing ratio whereas Rachit and Tarun were of the opinion that Rs. 90,000 instead of Rs. 1,30,000 should be credited to the Capital accounts of all the partners to which Shekhar ultimately agreed. Explain what argument must have been put forward by Rachit and Tarun that convinced Shekhar September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.