On firm's dissolution, on realisation of goodwill (which was shown in Balance Sheet) will be credited to.........
Answer & explanation
Correct answer: option 1
For realisation of any assets including goodwil
Bank A/c Dr.
To Realisation A/c
On firm's dissolution, on realisation of goodwill (which was shown in Balance Sheet) will be credited to.........
Correct answer: option 1
For realisation of any assets including goodwil
Bank A/c Dr.
To Realisation A/c