Multiple Choice
In the books of the partnership, how is the consideration received for the partnership treated.
What is the double entry?
A) Dr. Company personal account Cr. Realisation account
B) Dr. Company personal account Cr. Bank
C) Dr. Bank Dr. Company personal account
D) Dr. Realisation account Dr. Company personal account
Correct Answer:
Verified
Correct Answer:
Verified
Q4: A partnership has reported profit for the
Q5: What is the main purpose of a
Q6: When there is a credit balance carried
Q7: The partners decide to dissolve the partnership.
Q8: The partners decide to dissolve the partnership.
Q9: The partners decide to dissolve the partnership.
Q10: In a company's statement of financial position
Q11: The partnership is being dissolved and converted
Q13: In a partnership the double entry to
Q14: The partners decide to dissolve the partnership.