Question : At the time of dissolution partner's loan (cr balance ) account is transferred to:

Option 1: Profit & Loss Account

Option 2: Balance Sheet

Option 3: Capital Accounts of Partners

Option 4: Cash and Bank account

Question : On dissolution, the final balance of capital accounts are transferred to

Option 1: Realisation Account

Option 2: Cash Account

Option 3: Profit & Loss Account

Option 4: Loan Accounts of Partners

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

Option 1: Creditor’s Account

Option 2: Realisation Account

Option 3: Partner’s Capital Account

Option 4: Profit & Loss Account

Question : Investment fluctuating reserve will be transferred to ----------------account at the time of dissolution.

Option 1: cash account

Option 2: partner's capital account

Option 3: investment account

Option 4: partner's loan account.

Question : Investment fluctuating reserve will be transferred to ----------------account at the time of dissolution.

Option 1: cash account

Option 2: partner's capital account

Option 3: investment account

Option 4: partner's loan account.