send mail to support@abhimanu.com mentioning your email id and mobileno registered with us! if details not recieved
Resend Opt after 60 Sec.
By Loging in you agree to Terms of Services and Privacy Policy
Claim your free MCQ
Please specify
Sorry for the inconvenience but we’re performing some maintenance at the moment. Website can be slow during this phase..
Please verify your mobile number
Login not allowed, Please logout from existing browser
Please update your name
Subscribe to Notifications
Stay updated with the latest Current affairs and other important updates regarding video Lectures, Test Schedules, live sessions etc..
Your Free user account at abhipedia has been created.
Remember, success is a journey, not a destination. Stay motivated and keep moving forward!
Refer & Earn
Enquire Now
My Abhipedia Earning
Kindly Login to view your earning
Support
Type your modal answer and submitt for approval
At the time of firm’s dissolution, Balance of General Reserve shown in the Balance Sheet is credited to :
Realisation Account
Creditor’s Account
Partner’s Capital Account
Profit & Loss Account
- General Reserve: This is the accumulated profit set aside by the firm over the years.
- Realisation Account: Used to settle assets and liabilities during dissolution. General reserve isn’t directly related here.
- Creditor’s Account: Represents amounts owed to creditors. General reserve isn't credited here as it's not linked to liabilities.
- Partner’s Capital Account: General reserve is distributed among the partners according to their profit-sharing ratio and credited to their capital accounts.
- Profit & Loss Account: Used for current year’s profit or loss. General reserve isn't added here.
By: santosh ProfileResourcesReport error
Access to prime resources
New Courses