On dissolution, what entry is passed if a partner takes over an asset of the firm Valued Rs. 10,000 at Rs. 6,000? Post category:Accountancy Reading time:1 mins read SOLUTION Partner’s Capital A/c Dr. 6,000 To Realisation A/c 6,000 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 PostGive one distinction between reconstitution of a firm and dissolution of a firm. Next PostWhen an asset is taken over by a partner, why is his Capital Account debited? You Might Also Like From the following Balance Sheet, prepare Cash Flow Statement: August 20, 2022 In case of fluctuating capitals, where will you record drawings and interest on drawings? September 23, 2022 What is Debt-Equity Ratio? October 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In case of fluctuating capitals, where will you record drawings and interest on drawings? September 23, 2022
