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Question : At the time of dissolution of partnership firm, Deferred Revenue Expenditure (Advertisement) Expenditure) is transferred to ________.

Option 1: Capital Account of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Loan by Partner Account


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Capital Account of Partners


Solution : At the time of dissolution of partnership firm, Deferred Revenue Expenditure (Advertisement) Expenditure) is transferred to It is sent to the capital account of the partner's profit sharing ratio on the debit side.

Hence the correct answer is option 1.

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