The last entry to liquidate a partnership would probably include:

A) debit to Capital (for each partner) ; credit to Cash.
B) debit to Cash; debit or credit to Loss or Gain from Realization; credit to individual assets sold.
C) debit to individual assets sold; credit to Cash.
D) None of the above

Liquidate a Partnership

The process of dissolving a partnership by selling its assets, paying off debts, and distributing the remaining assets to partners.

Capital

represents the financial resources that are used by a business to fund its operations and growth, typically including funds contributed by owners or generated through profit.

Cash

Currency and coins, along with bank balances, checks, and money orders, readily available for use in transactions.