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प्रश्न
At the time of dissolution of partnership firm, the amount of ‘Bills Payable’ shown in the Liabilities Side of the Balance Sheet is transferred to ______.
पर्याय
Capital Accounts of Partners
Realisation Account
Cash Account
Loan Account of Partners
MCQ
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उत्तर
At the time of dissolution of partnership firm, the amount of ‘Bills Payable’ shown in the Liabilities Side of the Balance Sheet is transferred to realisation account.
Explanation:
The amount of ‘bills payable’ recorded in the liabilities side of the balance sheet is transferred to the credit side of the realisation account at the moment of dissolution of a partnership firm.
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