Practicing Success
Practicing Success
CUET Preparation Today
On dissolution, the balance of a partner's capital account appearing on the assets side of a balance sheet is transferred to : |
On the credit side of Partner's Capital Account On the Credit of Realisation Account On the Debit side of Partner's Capital Account On the Credit of Cash Account |
On the Debit side of Partner's Capital Account |
Balance on debit side means that partner has withdrawn more capital than the contribution and it will appear on debit side of the capital a/c. |
