Multiple Choice Questions on On dissolution of firm loss calculate in realisation account is debited credited to which account ........ for Commerce 12th Preparation

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Multiple Choice Questions

On dissolution of firm loss calculate in realisation account is debited credited to which account ........

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    On dissolution of firm, loss calculate in realisation account is debited/credited to which account?

    Cash Account (Credit)

    Incorrect Answer

    Partners’ Capital Accoimts (Debit)

    Correct Answer

    Partners’ Capital Accounts (Credit)

    Incorrect Answer

    Realisation Account (Debit)

    Incorrect Answer
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    Explanation:

    Partners’ Capital Accoimts (Debit)

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