READ THE FOLLOWING INFORMATION AND ANSWER THE FOLLOWING QUESTION. X, Y & Z are partners in a partnership firm. They decided to dissolve the firm for which firm borne the realisation expenses of ₹20,000. On the date of dissolution following information is available- |
Which of the following partner will bring cash to meet deficiency in his account? |
X Y Z None of these |
None of these |
The correct answer is option 4- None of these. Capital accounts of partners
Payment is made by the firm to all the partners as there is no deficiency, which means no partner bring any amount. |