When assets are realized during a partnership dissolution, the entries for the proceeds are to…

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Accounts - Principles of Accounts JAMB 2005

When assets are realized during a partnership dissolution, the entries for the proceeds are to debit?

  • cash account and credit realization account checkmark
  • rassets account and credit realization account
  • realization account and credit realization account
  • assets account and credit cash account

The correct answer is: A

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