Question : On dissolution, the final balance of capital accounts are transferred to
Option 1: Realisation Account
Option 2: Cash Account
Option 3: Profit & Loss Account
Option 4: Loan Accounts of Partners
Answer (1)
22nd Jan, 2024
Correct Answer: Cash Account
Solution : The final balance of the partner's capital account is transferred to the cash account upon dissolution.
Hence the Correct answer is option 2.
Comments (0)
Related Questions
Trending Articles/News
