In a firm, A and B were sharing profits and losses in a ratio of 3:2. At the time of dissolution, the balance of the Deferred Revenue Expenditure Account was Rs 50,000. How will it be treated?

Debited to Realisation Account Debited to Partner's Capital Account Credited to Realisation Account Credited to Partners' capital Account

Debited to Partner's Capital Account

Deferred Revenue Expenditure is a fictitious asset which is to be transferred (debited) to Partner's Capital Account.