In the case of dissolution of firm, accu

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

In the case of dissolution of firm, accumulated losses are transferred to:

Options:

Capital Accounts in Profit Sharing Ratio

Realisation Account in Profit Sharing Ratio

Capital Accounts in Equal Ratio

Realisation Account in Equal Ratio

Correct Answer:

Capital Accounts in Profit Sharing Ratio

Explanation:

The correct answer is Option (1) → Capital Accounts in Profit Sharing Ratio