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Home Questions ZQQGGMNSP6
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

When a firm is dissolved, the Balance of Investment Account and Balance of Investment Fluctuation Fund Account, shown by Firm's Balance Sheet are transferred in ................ and into ................... respectively:-

Options:

Debit Side of Realisation Account, Credit side of Realisation Account

Credit Side of Realisation Account, Debit side of Realisation Account

Credit Side of Realisation Account, Debit side of Capital Account

Credit Side of Realisation Account, Credit side of Current Account

Correct Answer:

Debit Side of Realisation Account, Credit side of Realisation Account

Explanation:

The correct answer is Option (1) → Debit Side of Realisation Account, Credit side of Realisation Account

CUET Questions