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    Special Accounting
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    Exam 6: Dissolution and Settlement of Partnership Firm
  5. Question
    If a Partner Takes Over Some Assets for Value on Dissolution
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If a Partner Takes Over Some Assets for Value on Dissolution

Question 7

Question 7

Multiple Choice

If a partner takes over some assets for value on dissolution, realization account should be -----------


A) Debited
B) Credited
C) Both
D) None of these

Correct Answer:

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