asked 223k views
5 votes
The first entry to liquidate a partnership would probably include

asked
User Phhbr
by
7.6k points

2 Answers

1 vote
Property will not added when it liquidate
answered
User Flywheel
by
7.3k points
5 votes

The correct answer to your question is:

A debit to Cash, a debit or credit to Loss or Gain from Realization, and a credit to Individual Assets Sold.

answered
User Fbelanger
by
8.9k points
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