Quiz

On dissolution of the partnership firm of A, B and C, the accumulated profits of € 40,000 will be transferred to which of the following account ?

Komal Kohli March 31, 2023

On dissolution of the partnership firm of A, B and C, the accumulated profits of € 40,000 will be transferred to which of the following account ?

Question :On dissolution of the partnership firm of A, B and C, the accumulated profits of € 40,000 will be transferred to which of the following account ?

(A) Revaluation Account

(B) Realisation Account (C)* Partners’ Capital Accounts

(D) Bank Account

The correct answer is -(C)* Partners’ Capital Accounts