On dissolution, losses are first of all met: a. Out of private assets of partners...
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Accounting
On dissolution, losses are first of all met:
a.
Out of private assets of partners
b.
Out of capital
c.
Out of loan from bank
d.
Out of profits
_____________________________________________________________________
Unrecorded assets when taken over by a partner are shown in
a.
Credit of realization account
b.
Debit of realization account
c.
All of the options
d.
Debit of bank account
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