When the purchasing company maintains the same set of books, then the amount realised from the proceeds

Question:

When the purchasing company maintains the same set of books, then the amount realised from the proceeds of assets taken over by the partners will be distributed in the ratio of:

(a). Profit-sharing 

(b). Capitals 

(c). 1:1 

(d). Final claim  

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

Step by Step Answer:

Related Book For  book-img-for-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

Question Posted: