On dissolution of a firm, Partner’

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Target Exam

CUET

Subject

Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

On dissolution of a firm, Partner’s Loan Account is transferred to:

Options:

Bank Account

Partners’ Capital Account

Partners’ Current Account

Realisation Account

Correct Answer:

Bank Account

Explanation:

The correct answer is Option (1) →

Bank Account