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...
Are gains on unsettled foreign currency balances realized? When should they be recognized as income?
The sales manager at Organic Market wants you to create an application that displays the total sales made in each of three regions: the U.S., Canada, and Mexico. The application should also display...
Mountain States Electric Service is an electrical utility company serving several states in the Rocky Mountains region. It is considering replacing some of its equipment at a generating substation...
1 (1 point) Long-term debt is classified on the balance sheet as a current liability in the year prior to maturity. True False
Margaret Cleary is a paralegal who works for a law firm that requires her to bill clients seven hours a day. One of Margarets assignments was to prepare interrogatories on a real estate case. She...
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 mean and standard deviation for a binomial distribution with n = 100 and these values of p: a. p = .01 b. p = .9 c. p = .3 d. p = .7 e. p = .5
Investigate the Mercedes Benz company and you have to cover this topic " For Business prospects, Market growth, Market quality, and Environmental aspects are three most important factors. Explain...
The case study for Goodwill Industries and how they "do good" as a core business strategy. What are Goodwill's competitive advantages? Goodwill has found success in social services. What problems...
Cosmic Cals (Pty) Ltd , a seller of personalized scientific calculators, had an inventory of 40 calculators. The value of these calculators is R15 400 each on the 1 January 2022. During the current...
Perform an analysis of Best Buy Co. Inc. Your analysis will draw on the Form 10K (as of February 2013). Your analysis can include information prior to February 2013 but should not draw on any...
Research organizational structure of a company of your choice. Use your understanding of organizational structure to analyze whether this organization's structure is the best choice for the business...
The Great Recession cost America trillions of dollars in lost wealth and also levied a heavy toll on the national psyche (The Wall Street Journal, December 21, 2009). According to a poll, just 33% of...
Identify one local business that uses a perpetual inventory system and another that uses a periodic system. Interview an individual in each organization who is familiar with the inventory system and...
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?
On April 1, year 1, Mary borrowed $200,000 to refinance the original mortgage on her principal residence. Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent. The loan is for a...
Give a numerical example of: A) Current liabilities. B) Long-term liabilities?
Question Wonder Works Pte Ltd ( ' WW ' ) produces ceramic hair curlers to sell to department stores. The production equipment costs WW $ 7 0 , 0 0 0 four years ago. Currently, the net book value...

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