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On the dissolution of a partnership business,the net book value of the assets is transferred...

Accounts - Principles of Accounts
JAMB 2001
On the dissolution of a partnership business,the net book value of the assets is transferred to?
  • A. debit of realization account
  • B. credit of realization account
  • C. credit of bank account
  • D. debit of bank account
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent