Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

On dissolution of a firm of A and B, Mrs. A's loan will be transferred to:

Options:

Cash A/c

Bank A/c

Realisation A/c

A's Capital A/c

Correct Answer:

Realisation A/c

Explanation:

The correct answer is Option (3) → Realisation A/c

Mrs A loan is an outsider liability so it will be transferred to realisation account like other liability.