How to deal when Cash A/c and Bank A/c given at Dissolution of a firm.

When both cash and bank account is given at the time of dissolution why is it that the cash balance is paid to one partner and the remaining partners balance is transfers to bank account?

asked Feb 18, 2017 in Partnership-Dissolution of a Partnership Firm by Feba Rajeev (71 points) 458 views

1 Answer

0 votes
Unless specific way to making payment is given in any question, normally when both Cash A/c and Bank A/c is given in the question, mostly cash is deposited in the Bank A/c and afterwards all the transactions are through only the bank account.

It will be good if the you post the question in which the treatment of cash and bank as stated by you is given.
answered Feb 19, 2017 by jbsclasses (3,971 points)