Chapter: Dissolution of Partnership Firm· Book-Keeping & Accountancy

If an asset is taken over by the partner, _____ account is debited.

Q.1 (C) (3) If an asset is taken over by the partner, _____ account is debited.

A. Revaluation

B. Capital

C. Asset

D. Balance Sheet

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: B. Capital

Answer: (b) Capital

The partner who takes over an asset is debited through his Capital Account (Partner's Capital A/c Dr. To Realisation A/c), because the value of the asset reduces the amount payable to him.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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If an asset is taken over by the partner, _____ account is debited.

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