Question : At the time of dissolution partner's loan (cr balance ) account is transferred to:
Option 1: Profit & Loss Account
Option 2: Balance Sheet
Option 3: Capital Accounts of Partners
Option 4: Cash and Bank account
Answer (1)
12th Jan, 2024
Correct Answer: Cash and Bank account
Solution :
Answer =
Cash and Bank account
At the time of dissolution, the partner's loan (cr. balance) was transferred to bank a/c.
Partner's loan a/c........Dr
To cash/bank a/c
Hence, the correct option is 4.
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