Question : At the time of dissolution of the partnership firm, fictitious assets are transferred to :
Option 1: Capital Accounts of Partners
Option 2: Realisation Account
Option 3: Cash Account
Option 4: Partners' Loan Account
Correct Answer: Capital Accounts of Partners
Solution : Answer = Capital Accounts of Partners . At the time of dissolution of the partnership firm, fictitious assets like profit and loss, debit balance, differed Revenue, expenses, etc. should be distributed between the partners. Hence, the correct option is 1.
Question : At the time of dissolution of partnership firm, fictitious assets are transferred to
Question : At the time of dissolution of partnership firm, Deferred Revenue Expenditure (Advertisement) Expenditure) is transferred to ________.
Question : At the time of dissolution of partnership firm, Deferred Revenue Expenditure (Advertisement) Expenditure) is transferred to
Question : On dissolution, the final balance of capital accounts are transferred to
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