CUET Preparation Today
Which of the following is not shown in Realisation A/c? |
Investment Fluctuation Reserve Provision for Doubtful Debts Asset taken over by partner for settlement of dues Dissolution expenses paid by one partner on behalf of other partner |
Dissolution expenses paid by one partner on behalf of other partner |
The correct answer is option 4- Dissolution expenses paid by one partner on behalf of other partner. This is not transferred to realisation account. As only partners are involved in this transaction so their capital account are adjusted according to that. There is no role of realisation account. |
