Dissolution of firm - class-XI

Casual Mode - Take your time!

1 / 75
✓
Correct
0
✗
Incorrect
0
★
Score
0%
Multiple Choice

Where it is agreed that a partner will be paid a lump sum amount for dissolution of the payment is made by the firm, the payment is debited to ____________ .

  1. Realisation Account
  2. Concerned Partner's Capital Account
  3. All Partners' Capital Accounts
  4. None of these
Change Mode