X & Y are partners sharing profits and losses in the ratio 4:3. They decide to dissolve the firm. On the date of dissolution following information is available-
X's Capital = ₹125030
Y's Capital = ₹2070
Creditors = ₹23150
Cash = ₹4520
Remaining assets realised at ₹124910 and the dissolution expenses are ₹1860. Both Partners are solvent.

What is the balance of cash account in last?

No balance

Partner's capital account are closed in the last through bank or cash account. Any deficiency or surplus of cash is adjusted. No balance will be left in bank or cash account in the end. Debit side or credit side will be equal.

 Cash A/c