Maharashtra State BoardHSC Arts 12th Board Exam
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Dissolution expenses are credited to _________. - Book Keeping and Accountancy

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MCQ
Fill in the Blanks

Dissolution expenses are credited to _________.

Options

  • Realisation account

  • Cash/Bank account

  • Partners’ capital account

  • Partners’ loan account

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Solution

Dissolution expenses are credited to Cash/Bank account.

Explanation: Payment of realisation expenses results in outflow of cash. Therefore, they are credited to Cash/Bank A/c (as these lead to decrease in cash balance).

Concept: Dissolution of Partnership Firm
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 6 Dissolution of Partnership Firm
Exercise | Q 2 | Page 182
Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 6 Dissolution of Partnership Firm
Exercise 6 (Objective Questions) | Q 1. A) 2) | Page 241
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