Question 30

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

  • A.debited to cash account and credit to asset account
  • B.credited to cash account and debited to asset account
  • C.debited to cash account and credited realisation account and credited to realisation account
  • D.credited to cash account and debited to realisation account
  • E.debited to realisation account abnd credited to asset account
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1996
Question no.
#30
Type
Objective

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