In partnership dissolution, an asset taken over by a part...
In partnership dissolution, an asset taken over by a partner is debited to?
Partners capital account and credited to realization account
Partners capital account and credited to asset account
Asset account and credited to realization account
Realization account and credited to capital account
Correct answer is A
No explanation has been provided for this answer.
Given: Shaku Company Ltd. Stock..........................N3,600,000 Cash at hand..................
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,40...
Which of the following items is a tangible asset? ...
Which of the following is not an administrative expenses in a manufacturing organization? ...