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Commerce · Q1857

Accounting

Graduate and Post Graduate · Commerce · question 1857

Q1857

What will be the treatment, if assets are taken over by a creditor of the firm at the time of dissolution?

A.
Realisation A/c will be debited
B.
Realisation A/c will be credited
C.
No entry should be passed
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
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