If a partner takes over some assets for value on dissolution, realization account should be -----------
A) Debited
B) Credited
C) Both
D) None of these
Correct Answer:
Verified
Q5: In the event of dissolution of firm
Q6: Goodwill appearing in the balance sheet at
Q7: On dissolution, partners loan, if any, will
Q8: -----------of partnership firm means closing the business
Q9: On dissolution, all assets except cash are
Q11: In the case of dissolution of the
Q12: A partnership which can be dissolved at
Q13: Liabilities to third parties are paid -------------
A)First
B)Second
C)Third
D)Lastly
Q14: The ------ has distinguished the 'dissolution of
Q15: Dissolution of a firm leads to
A)Continuing of
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