At the time of dissolution of a Firm, th

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Home Questions FGAS989S28

Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

At the time of dissolution of a Firm, the Loan from a Partner Account should be

Options:

Paid out separately

Transferred into Realization Account

Transferred into Partners' Capital Account

Transferred into Partners' Current Account

Correct Answer:

Paid out separately

Explanation:

The correct answer is Option (1) → Paid out separately