Balance of realization account is transferred to the capital account of the partner in ........

General Accounting Principles Partnership

Download Solution PDF

Balance of realization account is transferred to the capital account of the partner in

Capital ratio

Profit sharing ratio

Interest ratio

Equally

छोटे Courses बड़े Results

Master Partnership

Prepare through Micro-courses

Try Now

Explanation:

REALISATION BALANCE TRANSFER TO PARTNER CAPITAL AC IN THE RATIO OF OLD PARTNERS. The balance on Realisation Account transferred to Partner's Capital Account in profit sharing ratio. The balance on the Realization Account was transferred to the Capital Account of the Partner in its profit-sharing ratio