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Sunday, 05 April 2026
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Which of these accounts is dissolution expenses credited?

Which of these accounts is dissolution expenses credited?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Partners capital account
  • B Revaluation account
  • C Partners current account
  • D Realization account
Correct Answer: Option D
Explanation:
Realization account: the cash realized from sales of asset is credited to it

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