Multiple Choice Questions on On dissolution the balance of lsquo Profit amp Loss Account rsquo appearing on the assets side of a ........... for Commerce 12th Preparation

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Multiple Choice Questions

On dissolution the balance of lsquo Profit amp Loss Account rsquo appearing on the assets side of a ...........

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    On dissolution, the balance of ‘Profit & Loss Account’ appearing on the assets side of a Balance Sheet is transferred to :

    On the debit of Realisation Account

    Incorrect Answer

    On the credit of Realisation Account

    Incorrect Answer

    On the debit of Partner’s Capital Accounts

    Correct Answer

    On the credit of Partner’s Capital Accounts

    Incorrect Answer
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    Explanation:

    On the debit of Partner’s Capital Accounts

    By: santosh
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