On firm’s dissolution, which account should he prepared at the last? Post category:Accountancy Reading time:1 mins read SOLUTION Cash / Bank Account. 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 PostHow will the Realisation Account closed, if it discloses a loss? Next PostOn firm’s dissolution, what entry will be made on realisation of goodwill which was shown in Balance Sheet? You Might Also Like Wellbeing Ltd. took over assets of Rs. 9,80,000 and liabilities of Rs. 40,000 of HDR Ltd. at an agreed value of Rs. 9,00,000. Wellbeing Ltd. paid to HDR Ltd. by issue of 9% Debentures of Rs. 100 each at a premium of 20%. Pass necessary Journal entries to record the above transactions in the books of Wellbeing Ltd. July 18, 2022 Abha, Bobby and Vineet are partners sharing profits and losses equally. As per Partnership Deed, Vineet is entitled to a commission of 10% on the net profit after charging such commission. The net profit before charging commission is Rs. 2,20,000.Determine the amount of commission payable to Vineet. October 11, 2022 If Operating Cycle is 12 months and payment is received in 15 months, how will you classify the asset? September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.