On the dissolution of a firm, the Credit

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

On the dissolution of a firm, the Creditors are transferred to:

Options:

Realization Account

Bank Account

Cash Account

Partner's capital Account

Correct Answer:

Realization Account

Explanation:

The correct answer is Option (1) → Realization Account