In the books of the partnership, how is the consideration received for the partnership treated.
What is the double entry?
A) Dr. Company personal account Cr. Realisation account
B) Dr. Company personal account Cr. Bank
C) Dr. Bank Dr. Company personal account
D) Dr. Realisation account Dr. Company personal account
Correct Answer:
Verified
Q4: The partners decide to dissolve the partnership.
Q5: When there is a credit balance brought
Q6: The partnership is being dissolved and converted
Q7: A partnership has reported profit for the
Q8: In a partnership the double entry to
Q9: In a partnership the double entry to
Q10: After receipt of all monies on the
Q11: When there is a credit balance carried
Q13: What is the main purpose of a
Q14: In a company's statement of financial position
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