Practicing Success
At the time of dissolution of partnership firm, which of the following account (s) is/are prepared? |
Cash Account Realisation A/c Partner's Capital A/c All of the above |
All of the above |
On dissolution, the books of the firm are to be closed. Dissolution process starts by opening the following accounts in the firm’s books: Realisation Account, Partner’s Loan Account, Partners’ Capital Accounts, Bank or Cash Account. |