Practicing Success
Practicing Success
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Which account is settled in last at the time of dissolution of partnership firm? |
Partner's capital A/c Partner's Loan A/c Partner's wife Loan A/c Partner's Current A/c |
Partner's capital A/c |
It may be noted that the aggregate amount finally payable to the partners must equal to the amount available in bank and cash accounts. Thus, all accounts of a firm are closed in case of dissolution. |
