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The cash realized from the sale of asset on dissolution of partnership is


Question

The cash realized from the sale of asset on dissolution of partnership is

Options

A) debited to cash account and credit to asset account

B) credited to cash account and debited to asset account

C) debited to cash account and credited realisation account and credited to realisation account

D) credited to cash account and debited to realisation account

E) debited to realisation account abnd credited to asset account

The correct answer is C.


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