Question

Which of the following is not transferred to Realisation Account?

पर्याय

• Balance of Profit & Loss A/c

• Advertisement Suspense A/c

• Partner’s Loan

• All of the above

Answer 1

All of the above

Explanation:

During the dissolution of a partnership firm, the Realisation Account is used to record the sale of assets and payment of liabilities. However:

• Balance of Profit & Loss Account is transferred to the partners’ capital accounts, not Realisation Account.
• Advertisement Suspense (a fictitious/prepaid asset) may be written off in Realisation Account if required, but typically is adjusted in the partners’ accounts.
• Partner’s Loan is a liability and is settled directly, not transferred to the Realisation Account.
• Thus, none of these are transferred to the Realisation Account directly.