Question

On dissolution, the final balance of the Partner's Capital Account is transferred to ______.

पर्याय

• Realisation Account

• Cash Account

• Profit and Loss Account

• Loan Accounts of Partners

Answer 1

On dissolution, the final balance of the Partner's Capital Account is transferred to Cash Account.

Explanation:

When a partnership firm dissolves, the ultimate balance of the partner's capital accounts is transferred to the Cash Account.