When a partnership firm is dissolved, final payment made to partners is transferred to:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Bank A/c
The final payment to partners is the last step of dissolution: what is left in cash and bank is paid out, so each partner’s capital account is debited and the Bank Account is credited. After this, every account of the firm is closed.
NCERT (2026-27 edition):
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