Question : Investment fluctuating reserve will be transferred to ----------------account at the time of dissolution.
Option 1: cash account
Option 2: partner's capital account
Option 3: investment account
Option 4: partner's loan account.
Answer (1)
11th Jan, 2024
Correct Answer: partner's capital account
Solution :
Answer =
partner's capital account
Investment fluctuating reserve will be transferred(credited) to the realisation account. If their corresponding assets are not given in the question, they should be credited to the partner's capital account.
Hence, the correct option is 2.
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