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On dissolution, if investments are not given in balance sheet and only Investment Fluctuation Reserve is given on the liabilities side, it is transferred to ______.

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Question

On dissolution, if investments are not given in balance sheet and only Investment Fluctuation Reserve is given on the liabilities side, it is transferred to ______.

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Solution

On dissolution, if investments are not given in balance sheet and only Investment Fluctuation Reserve is given on the liabilities side, it is transferred to Partner's Capital Accounts.

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Chapter 5: Dissolution of a Partnership Firm - OBJECTIVE TYPE QUESTIONS [Page 5.100]

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D. K. Goel Accountancy Part A Volume 1 and 2 [English] Class 12
Chapter 5 Dissolution of a Partnership Firm
OBJECTIVE TYPE QUESTIONS | Q (B) 20. | Page 5.100
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