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On dissolution, if a partner undertakes to make payment of a liability of the firm is debited to ______. -

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Question

On dissolution, if a partner undertakes to make payment of a liability of the firm is debited to ______.

Options

  • Profit & Loss Account

  • Realisation Account 

  • Partner's Capital Account 

  • Cash Account

MCQ
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Solution

On dissolution, if a partner undertakes to make payment of a liability of the firm is debited to Realisation Account.

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