On dissolution of firm, what payment Is made first from the personal assets of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION Private debts of that partner. 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 PostOn dissolution of firm, what entry is passed for payment of an unrecorded liability? Next PostOn dissolution of a firm, what entry is passed on making payment of realization expenses by a partner? You Might Also Like Under what heads the following Items on the Equity and Liabilities side of the Balance Sheet of a Company will be presented: (i) Proposed Dividend; (ii) Unclaimed Dividend. September 30, 2022 A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D. July 29, 2022 What is meant by ‘Reconstitution of a Partnership Firm’? (Delhi and Al 2014) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Under what heads the following Items on the Equity and Liabilities side of the Balance Sheet of a Company will be presented: (i) Proposed Dividend; (ii) Unclaimed Dividend. September 30, 2022
A, B and C were partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. Calculate the new profit-sharing ratio of A, B, C and D. July 29, 2022
