Accountancy Part ADissolution of Partnership Firm

On dissolution of a partnership firm, the partner's capital accounts…

On dissolution of a partnership firm, the partner's capital accounts are closed through which of the following account?

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → Bank Account

NCERT (2026-27 edition):
Test your Understanding – II

Extract from the NCERT textbook

NCERT (2026-27 edition):
Checklist to Check your Understanding

Extract from the NCERT textbook