Which of these accounts is dissolution expenses credited?...
Which of these accounts is dissolution expenses credited?
Partners capital account
Revaluation account
Partners current account
Realization account
Correct answer is D
Realization account: the cash realized from sales of asset is credited to it.
Which of the following is a self-balancing account? ...
The balance sheet equation shows ...
In the preparation of bank reconciliation statement cheque are ...
An agreement made by partners to regulate and govern their business activities is known as ...
Which of the following items is a current liability? ...
The consistency concept aims at ...
Which of the following item is found on the credit side of the sales ledger control account? ...
An amount set aside out of profit for a specific purpose is a ...