Question
X and Y were in partnership and agreed to dissolve. The assets realized Rs 1,50,000. The liabilities were as follows: Sundry creditors Rs. 90,000 Loan
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To prepare the Realization Account for the dissolution of the partnership between X and Y we need to record the realization of assets and settlement o...Get Instant Access to Expert-Tailored Solutions
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Frank Woods Business Accounting
Authors: Frank Wood. Sangster, Alan
12th Edition
0273759280, 9780273759287
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