Question : In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to

Option 1: Realization account

Option 2: Partners capital account

Option 3: Sundry debtors account

Option 4: None of the above

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

Option 1: Capital Accounts of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Partners' Loan Account

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

Option 1: Capital Accounts of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Partners' Loan Account

Question : The dissolution of partnership between all the partners of a firm is called:

Option 1: Reconstitution of partnership firm

Option 2: Dissolution of partnership

Option 3: Dissolution of partnership firm

Option 4: Any of the above

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

Option 1: Capital Accounts of Partners

Option 2: Realisation Account

Option 3: Cash Account

Option 4: Partners’ Loan Account