Cash balance shown in the Balance Sheet

CUET Preparation Today

Start Free Mocks

Home Questions 6HPZPC8MKS

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

Cash balance shown in the Balance Sheet is shown on dissolution of firm in which account?

Options:

Realisation Account

Cash account

Partner's Capital Account

None of the above

Correct Answer:

Cash account

Explanation:

Cash balance shown in the Balance Sheet is shown on dissolution of firm in cash account.