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On dissolution of a partnership firm, where is profit or loss on realization transferred?

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

SOLUTION

In the Partner’s Capital Accounts in their profit-sharing ratio.







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Previous PostIn the event of dissolution of a partnership firm, where is the provision for doubtful debts transferred?
Next PostOn dissolution, what entry is passed if a partner under takes to make payment of a liability of the firm?

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