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Which Of These Accounts Is Dissolution Expenses Credited? - Erudites Academy

Which of these accounts is dissolution expenses credited?

by | Nov 29 | Accounting JAMB | 0 comments

A. partners capital account
B. revaluation account
C. partners current account
D. Realization account

Correct Answer:

Option D – Realization account

Explanation

Realization account: the cash realized from sales of asset is credited to it

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