WHICH OF THESE ACCOUNTS IS DISSOLUTION EXPENSES CREDITED
A. partners capital account B. revaluation account C. partners current account D. realization account ✓ The answer to the question is: D. realization account When a partnership is dissolved, the partners need to account for various expenses and assets as part of the dissolution…
STATE SIX REASONS FOR THE PREPARATION OF BRANCH ACCOUNTS
The preparation of branch accounts refers to the process of maintaining separate accounts for different branches or divisions of a company. This is done to facilitate effective management, control, and analysis of branch operations. There are several reasons why branch…