On dissolution, what entry is passed if a partner under takes to make payment of a liability of the firm? Post category:Accountancy Reading time:1 mins read SOLUTION Realisation A/c Dr. To Partner’s Capital A/c 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 a partnership firm, where is profit or loss on realization transferred? Next PostOn dissolution of firm, what entry is passed for payment of an unrecorded liability? You Might Also Like The debt-equity ratio of a company is 0.8: 1. State whether the long-term loan obtained by the company will increase, decrease or not change the ratio. October 3, 2022 Following is the Balance Sheet of Abha and Binay as at 31st March, 2014: August 2, 2022 Asha, Nisha and Disha shared profits and losses in the ratio of 3: 2: 1 respectively. With effect from 1st April, 2022, they agreed to share profits equally. The goodwill of the firm was valued at Rs. 18,000. Pass necessary Journal entries to record the above change. October 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
The debt-equity ratio of a company is 0.8: 1. State whether the long-term loan obtained by the company will increase, decrease or not change the ratio. October 3, 2022
Asha, Nisha and Disha shared profits and losses in the ratio of 3: 2: 1 respectively. With effect from 1st April, 2022, they agreed to share profits equally. The goodwill of the firm was valued at Rs. 18,000. Pass necessary Journal entries to record the above change. October 18, 2022