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 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 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 In case of fluctuating capitals, where will you record drawings and interest on drawings? September 23, 2022 What will be the operating profit ratio, if operating ratio is 88.94%? October 3, 2022 Under what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account? September 26, 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
Under what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account? September 26, 2022
