Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

Which of the following is not transferred to Realisation Account?

Options:

Balance of Cash Account

Balance of Reserves

Balance of Profit & Loss Account

All of the above

Correct Answer:

All of the above

Explanation:

The correct answer is option 4- All of the above.

Balance of cash account is transferred to Cash A/c when its is prepared at the end to close the books of account.
Balance of reserves and P and L a/c are transferred to Partner's Capital A/c.
So, all are not transferred to realisation account.