Practicing Success

Target Exam

CUET

Subject

Accountancy

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:

Balance of cash account is transferred to Cash A/c. Balance of reserves and P and L a/c are transferred to Partner's Capital A/c.