On dissolution of firm, what entry is passed for payment of an unrecorded liability? Post category:Accountancy Reading time:1 mins read SOLUTION Realisation A/c Dr. To Cash / Bank A/c Please Share This Share this content Opens in a new window X Opens in a new window Facebook 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, what entry is passed if a partner under takes to make payment of a liability of the firm? Next PostOn dissolution of firm, what payment Is made first from the personal assets of a partner? You Might Also Like Why is Profit and Loss Appropriation Account prepared by a Partnership Firm? September 26, 2022 Name any two sub-line items (sub-headings) under which “Current Liabilities” shall be classified in a Company’s Balance Sheet. September 30, 2022 Yogesh and Naresh were partners sharing profits equally. They dissolved the firm on 1st April, 2019. Naresh was assigned the responsibility to realise the assets and pay the liabilities at a remuneration of Rs. 10,000 including expenses. Balance Sheet of the firm as on that date was as follows: July 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name any two sub-line items (sub-headings) under which “Current Liabilities” shall be classified in a Company’s Balance Sheet. September 30, 2022
Yogesh and Naresh were partners sharing profits equally. They dissolved the firm on 1st April, 2019. Naresh was assigned the responsibility to realise the assets and pay the liabilities at a remuneration of Rs. 10,000 including expenses. Balance Sheet of the firm as on that date was as follows: July 26, 2022