Which ledger account is to be used on the dissolution of a partnership? A. Disposal account B.

Question:

Which ledger account is to be used on the dissolution of a partnership?

A. Disposal account

B. Dissolution account

C. Realisation account

D. Revaluation account.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

See More Books

Question Posted: Sep 17, 2021 01:27 AM

See More Questions

A Carnot heat pump is to be used to heat a house and maintain it at 20°C in winter. On a day when the average outdoor temperature remains at about 2°C, the house is estimated to lose heat at...
A shell-and-tube heat exchanger is to be used to cool 200,000 lb/h (25.2 kg/s) of water from 100?F (38?C) to 90?F (32?C). The exchanger has one shell-side pass and two tube side passes. The hot water...
A Carnot heat pump is to be used to heat a house and maintain it at 25°C in winter. On a day when the average outdoor temperature remains at about 2°C, the house is estimated to lose heat at...
Maynard Appliances is holding a Fifty- Fifty Sale. Major appliances may be purchased for nothing down and no interest to pay if the customer pays 50% of the purchase price in six months and the...
1. How does the need recognition portion of the consumer decision-making process apply to this case? What need is being addressed? 2. What brands of bottled water are you familiar with? Do these...
A sale of merchandise on account for $36,000 is subject to an 8% sales tax. (a) Should the sales tax be recorded at the time of sale or when payment is received? (b) What is the amount of the sale?...
What happens if the conducting rod in Figure P29.1 moves $(a)$ in either direction along the $z$ axis and $(b)$ in either direction along the $y$ axis? Data from Figure P29.1 B
The following data were extracted from the accounting records of Catz Company for the year ended April 30, 20Y2: Merchandise inventory, May 1, 20Y1 .........$ 175,000 Merchandise inventory, April 30,...
18.A sine wave is travelling in a medium. The minimum distance between the two particles, always having same speed, is (1) (2)
Your tax clients, Jack and Diane a married couple filing a joint return, fell in love with a new construction house for sale in their small Illinois hometown. The builder offers two options on the...
Sole traders agreeing to form a partnership Rajiv and Sharla are sole traders. They have agreed to form a partnership that will start trading on 1 May 2014. The statements of financial position of...
Roses in Bloom Ltd issued $200,000 6 percent debentures on 1 January 2014. Interest was paid for the year on 31 December 2014. Prepare the journal entries to record the issue of the debenture and the...
Find the limit. Vx? 9 lim 6 x-0 2x
How is the Microsoft Windows operating system supported in a company? What are some common problems with supporting Microsoft Windows? Why do these problems occur? How might you overcome these...
Using the rational rule allows business owners to experiment their way to the point where Explain the following economic profits are maximized marginal costs are minimized. total benefits are...
What is the basic format of the income statement and what is the relevance of the basic categories?
Provide a 3 to 4 sentence overview of the Microsoft Windows features. Explain how Microsoft Windows features could be used in the healthcare industry. Discuss at least 1 Microsoft Windows security...
Lauren was a resident of Puerto Rico during 2 0 2 3 . She is single and under 6 5 years of age. She works as a U . S . government employee and her salary was $ 3 4 , 0 0 0 . She also received income...
What is administrative authority, and who publishes it?
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
Compare and contrast brainstorming and nominal group technique. Ensure you describe both techniques fully in your answer.
Why is the use of teams in organizations becoming more popular?
What is the difference between a team and a group?
One of those macro factors is the competition. For each of the 3 types of competitive advantages, identify a company you believe utilizes that advantage and explain why you believe that to be true....
use the information you see below to compose a well written narrative about the customer and their activity depicted below: John Doe Sole Individual check account # 1234567 SSN 123456789 Account...
1. Find the y-coordinate of the y-intercept and the x- coordinates of the x-intercept of the cubic function f(x)=5x-x+1. Give your answers as a number. 2. The population, P, of a bear species on a...

Which ledger account is to be used on the dissolution of a partnership? A. Disposal account B.

Question:

Step by Step Answer:

Accounts Payable A current liability representing the amount owed by a business to a creditor for th...View the full answer

Accounting For Cambridge International AS And A Level

Students also viewed these Business questions