Question : At the time of dissolution of partnership firm, Deferred Revenue Expenditure (Advertisement) Expenditure) is transferred to ________.
Option 1: Capital Account of Partners
Option 2: Realisation Account
Option 3: Cash Account
Option 4: Loan by Partner Account
Answer (1)
19th Jan, 2024
Correct Answer: Capital Account of Partners
Solution : At the time of dissolution of partnership firm, Deferred Revenue Expenditure (Advertisement) Expenditure) is transferred to It is sent to the capital account of the partner's profit sharing ratio on the debit side.
Hence the correct answer is option 1.
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