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 What is meant by Investing Activities? October 4, 2022 On dissolution of the firm, partner A demands that his loan of Rs. 1,00,000 should be paid before, payment of Capitals of the partners, whereas partners B and C demand that Capitals should be paid before the payment of A’ s loan. State the order of payment. September 27, 2022 Following is the Balance Sheet of the Bharati Ltd. as at 31st March, 2019: August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On dissolution of the firm, partner A demands that his loan of Rs. 1,00,000 should be paid before, payment of Capitals of the partners, whereas partners B and C demand that Capitals should be paid before the payment of A’ s loan. State the order of payment. September 27, 2022
