Multiple Choice Questions on At time of dissolution of partnership firm the balance of profit and loss account shown in the asset........... for Commerce 12th Preparation

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Multiple Choice Questions

At time of dissolution of partnership firm the balance of profit and loss account shown in the asset...........

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    At time of dissolution of partnership firm, the balance of profit and loss account shown in the assets side of Balance sheet of the firm is transferred to:

    Realisation Account

    Incorrect Answer

    Cash Account

    Incorrect Answer

    Capital Accounts of partners

    Correct Answer

    Loan Accounts of partners

    Incorrect Answer
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    Explanation:

    Capital Accounts of partners

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