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At the time of the firm's dissolution, the balance of General Reserve shown in the Balance Sheet is credited to ______. -

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Question

At the time of the firm's dissolution, the balance of General Reserve shown in the Balance Sheet is credited to ______.

Options

  • Realisation Account 

  • Creditor's Account 

  • Partners' Capital Account 

  • Profit & Loss Account

MCQ
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Solution

At the time of the firm's dissolution, the balance of General Reserve shown in the Balance Sheet is credited to Partners' Capital Account.

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