On dissolution, what entry is passed if a partner takes over an asset of the firm Valued Rs. 10,000 at Rs. 6,000? Post category:Accountancy Reading time:1 mins read SOLUTION Partner’s Capital A/c Dr. 6,000 To Realisation A/c 6,000 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 PostGive one distinction between reconstitution of a firm and dissolution of a firm. Next PostWhen an asset is taken over by a partner, why is his Capital Account debited? You Might Also Like Karim and Rehman are partners sharing profits in the ratio of 3: 2. Naval is admitted as a partner. The new profit-sharing ratio among Karim, Rehman and Naval is 4: 3: 2. Find out the sacrificing ratio. November 2, 2022 Revenue from Operations Rs. 9,00,000; Gross Profit 25% on Cost; Operating Expenses Rs. 45,000. Calculate Operating Profit Ratio August 17, 2022 What will be impact of ‘purchase of a fixed asset on a credit of 3 months’ on a debt equity ratio of 1: 1? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Karim and Rehman are partners sharing profits in the ratio of 3: 2. Naval is admitted as a partner. The new profit-sharing ratio among Karim, Rehman and Naval is 4: 3: 2. Find out the sacrificing ratio. November 2, 2022
Revenue from Operations Rs. 9,00,000; Gross Profit 25% on Cost; Operating Expenses Rs. 45,000. Calculate Operating Profit Ratio August 17, 2022
What will be impact of ‘purchase of a fixed asset on a credit of 3 months’ on a debt equity ratio of 1: 1? October 3, 2022