At the time of dissolution of a partnership firm, all assets (except fictitious) are transferred to _

Question

by Doubtly (98.9k points) in Accountancy asked Jul 21, 2022 313 views

edited Jun 29, 2023

At the time of dissolution of a partnership firm, all assets (except fictitious) are transferred to _ account.

(a) realisation
(b) revaluation
(c) capital
(d) loan.

1 Answer

Doubtly · Answer 1 · 2022-07-21T09:09:04+0000

by Doubtly (98.9k points) answered Jul 21, 2022

edited Jun 29, 2023

(a) realisation