Asked by quick help please
The first entry to liquidate a partnership would probably include
A. a debit to Cash and a credit to Individual Assets Sold.
B. a debit to Cash, a debit or credit to Loss or Gain from Realization, and a credit to Individual Assets Sold.
C. a debit to Individual Assets Sold and a credit to Cash.
D. None of the above
B?
A. a debit to Cash and a credit to Individual Assets Sold.
B. a debit to Cash, a debit or credit to Loss or Gain from Realization, and a credit to Individual Assets Sold.
C. a debit to Individual Assets Sold and a credit to Cash.
D. None of the above
B?
Answers
Answered by
dorothea
i need help with General Journal/ General leadger
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