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 : it is transferred on the debit side Partner's Capital A/c in their Profit Sharing Ratio .
Hence the correct answer is option 1
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