Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Journal Entries for Dissolutions
The following journal entries are relevant for the purpose of recording all dissolutions:1) DR. Revaluation accountCR. Asset account(With the book value of the assets being sold / or being realized)2) DR. Cash book CR. Realisation account(With the cash received on the assets being realized)
3) DR. Realisation accountCR. Cash book(With the dissolution expenses paid)4) DR. Creditors account payablesCR. Cash book(With payment made to the creditors)5) DR. CreditorsCR. Realization account(With the discount received from account payable or creditors)6) Dr. Realization accountCR. Capital accounts(With the profit on realization being the balancing figure and according to PSR)Incase it is a loss, then the entries are received.7) DR. Current accountCR. Capital accounts(To transfer the accounts due to the partners on their current accounts to the capital account)8) DR Capital accounts CR. Cash book(To close off the capital accounts with the cash book)
what affects quick asset ratio
I have a presentation on an article (around 20 pages). I also need 2 current real life examples (2 companies) to support the presentation. Can you do that? How long it will take yo
For purposes of rules which apply to top heavy plans, a key employee: 1. An officer of employer earning more than $130,000; 2. An individual who owns more than 5 percent of e
Harper Co. provided the following information concerning two products: contribution margin per unit- product 12 $46 Contribution margin per unit-product 43 $30. Machine hours requi
What would be the effect on the balance sheet if adjustments (a) and (f) were omitted at the end of the year?k question #Minimum 100 words accepted#
Company conversion features If the formation costs are to be bourne by the company then the profit or loss on realization will be the same as the company then the new company (
The following figures are taking from the book of Sheen Compnay limited as on december 31,2009 DEBIT SIDE : opening stock Rs 75000 purchases 245000 wages 30000 c
2500 words
#questioSavage Distribution markets CDs of the performing artist Little Sister. At the beginning of October, Savage had in beginning inventory 1,200 Sister’s CDs with a unit cost o
Prepare a financial statement from alphabetic listing of accounts: A number of accounts balances are listed below these accounts relate to Keenal Real Estate. During the year just
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd