Accountancy- Dissolution of a Partnership Firm

Question - 30 Maximum mark : - 30

At the time of firm's dissolution, Balance of General Reserve shown in the Balance Sheet is credited to :

Realisation Account Creditor's Account Partner's Capital Account Profit & Loss Account

On dissolution, goodwill account is transferred to:

In the Capital Accounts of Partners On the credit of Cash Account On the Debit of Realisation Account On the Credit of Realisation Account

At the time of dissolution of partnership firm, fictitious assets are transferred to :

Capital Accounts of Partners Realisation Account Cash Account Partners' Loan Account

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