What will be done with the accumulated p

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Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

What will be done with the accumulated profits at the time of dissolution of partnership firm?

Options:

Transferred to realization A/c

Transferred to active partners A/c

Distributed among all partners

None of these

Correct Answer:

Distributed among all partners

Explanation:

Accmulated profits are distributed between partners in their profit sharing ratio.