During dissolution of partnership firm, if no information is given reg – InterviewSolution

1.	During dissolution of partnership firm, if no information is given regarding the value realised of a particular asset, then what would be its accounting effect ?
Answer» During dissolution of partnership firm if there is no information of the realised value of an asset then, if it is a fixed asset, it is taken at book value and if it is intangible assets like goodwill, patents and trademark etc. it has to be considered that no value has been realised for them.

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