Question: I want a quick solution, please Question 17 Not yet answered Marked out of 1.00 Flag question When assets are realized at the time of

I want a quick solution, please
I want a quick solution, please Question 17 Not yet answered Marked
out of 1.00 Flag question When assets are realized at the time
of dissolution of firm, which of the following account is debited? d.

Question 17 Not yet answered Marked out of 1.00 Flag question When assets are realized at the time of dissolution of firm, which of the following account is debited? d. Capital account of partners b. Asset account c. Cash account a. Realization account Question 18 Not yet answered Marked out of 1.00 P Flag question Accumulated reserve is transferred to partner's capital account in which of the following ratio? V b. Gaining ratio c. New ratio d Old ratio a. Sacrifice ratio Question 19 Not yet answered Marked out of 1.00 P Flag question Which of the following items is NOT entered in current accounts of partners under fixed system of capital? a. Additional capital d. Partner's salary b. Interest on capital c. Interest on drawings

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!