In partnership dissolution, an asset taken over by a part...
In partnership dissolution, an asset taken over by a partner is debited to?
Partners capital account and credited to realization account
Partners capital account and credited to asset account
Asset account and credited to realization account
Realization account and credited to capital account
Correct answer is A
No explanation has been provided for this answer.
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Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Bot...
\(\begin{array}{c|c} Capital & Le\\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings & ...
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