Skip to content
Swamonk EduCare
  • Toggle website search
Menu Close

Blog

  1. Home>
  2. Doubts>
  3. Accountancy

What is the treatment of provisions against assets on dissolution of a firm?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Provisions against assets are credited to Realisation 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 PostAt which value the assets against which provisions exist are transferred to Realisation Account?
Next PostWhat entry is passed when an asset is given to a Creditor in full settlement of his dues?

You Might Also Like

Asha, Nisha and Disha shared profits and losses in the ratio of 3: 2: 1 respectively. With effect from 1st April, 2022, they agreed to share profits equally. The goodwill of the firm was valued at Rs. 18,000. Pass necessary Journal entries to record the above change.

October 18, 2022

Why is separate disclosure of cash flow from investing activities important while preparing Cash Flow Statement? (C.B.S.E. 2016)

October 6, 2022

Where will you show purchase of Goodwill in a Cash Flow Statement?

October 4, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

  • Address:94, Block A, New Industrial Town - 2, Faridabad, Haryana 121001
  • Contact:+91-8826447899Opens in your application
  • Email:[email protected]Opens in your application
Terms of Use | Privacy Policy | Cookies Policy
© 2019-2025 Swamonk - All Rights Reserved
Close Menu
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site it will imply that you agree with Swamonk EduCare's Terms of Use .Ok