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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 14th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Capital Account of Partners


Solution : it is transferred on the debit side Partner's Capital A/c in their Profit Sharing Ratio.

Hence the correct answer is option 1

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