Question: 1 a) Using practical example discuss how realized amount will be accounted for, applying the double entry concept in a dissolution of a partnership Major

1 a) Using practical example discuss how realized amount will be accounted for, applying the double entry concept in a dissolution of a partnership Major Topic Partnership dissolution Blooms Designation Score AN 9 b) Structure of the profit and loss sharing ratio is dependent on the partnership agreement. Discuss Major Topic Blooms Designation AN Score Partnership c) Discuss using practical example the relationship between capital account and the cash account during winding up of partnership business Major Topic Winding up of partnership Blooms Designation Score AP 8 TOTAL SCORE:25

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