Maharashtra State BoardHSC Arts 12th Board Exam
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In what proportion is the balance on Realisation Account transferred to Partners’ Capital / Current Accounts? - Book Keeping and Accountancy

One Line Answer

In what proportion is the balance on Realisation Account transferred to Partners’ Capital / Current Accounts?

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Solution 1

The balance of the Realisation Account is to be transferred to Partners’ Capital Accounts in their profit-sharing ratio. If the partnership deed is silent, then profits or losses arising from Realisation Account are to be distributed in equal proportion amongst all the partners of the firm.

Solution 2

The balance on realisation Account is transferred to Partners’ Capital / Current Accounts in their profit sharing ratio.

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 6 | Page 181
Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 6 Dissolution of Partnership Firm
Exercise 6 | Q 1. E) 6. | Page 243
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