Question

Which accounts are not transferred to Realisation Account?

विकल्प

• Cash/Bank A/c

• Bank overdraft

• Reserve fund

• All of the above

Answer 1

Reserve fund

Explanation:

The accounts listed below are not moved to the Realisation Account:

1. Bank overdraft
2. Cash/Bank A/C
3. Reserve fund
4. Partners' Capital Accounts and 
5. partners' Loan Account
6. Credit/Debit balance of Profit & Loss Account.