Dissolution of a partnership firm
Across
- 5. assets having provision are trasferred to realisation account at
- 6. liabilities not recorded but paid are debited to
- 8. no entry is required when a ---accepts an assets in payment of his debt
Down
- 1. unrecorded assets when realised credited to
- 2. if a partner takes over a liability of the firm,the partners capital account is
- 3. loan by the relative of a partner is paid before the payment of partners
- 4. private property of the partner is used first to pay
- 7. realisation account is prepared on the dissolution of