‘Complete the following statement’ When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______

Question

‘Complete the following statement’ When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______

‘Complete the following statement’ When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because ______________ .

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

because the claim of the partner against the firm is increased by the amount of liability assumed.

5 views Answered 2023-02-05 15:29