In partnership dissolution, an asset taken over by a partner is debited to
AccountsJAMB UTME
Question
In partnership dissolution, an asset taken over by a partner is debited toOptions
A)
partners capital account and credited to realization account
B)
Partners capital account and credited to asset account
C)
asset account and credited to realization account
D)
realization account and credited to capital account
The correct answer is A.
More Past Questions:
Discussion
Other Subjects
- English Language
- Biology
- Mathematics
- Government
- Physics
- Economics
- Chemistry
- Christian Religious Knowledge
- Commerce
- Geography
- Literature In English
- Agricultural Science
- General Paper
- Islamic Religious Knowledge
- Further Mathematics
- History
- Computer Studies
- Civic Education
- Catering Craft Practice
- Data Processing
- Current Affairs
- Marketing
- Animal Husbandry
- Insurance
- Office Practice
- French
- Fine Arts
- Home Economics
- Yoruba
- Hausa
- Igbo