The cash realized from the sale of asset on dissolution of partnership is

Accounts - Principles of Accounts WAEC 1996

The cash realized from the sale of asset on dissolution of partnership is

  • debited to cash account and credit to asset account
  • credited to cash account and debited to asset account
  • debited to cash account and credited realisation account and credited to realisation account checkmark
  • credited to cash account and debited to realisation account
  • debited to realisation account abnd credited to asset account

The correct answer is: C

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