Question : On dissolution of the firm, Bank overdraft is transferred to ....

Option 1: Bank account

Option 2: Realization account

Option 3: Either 1 and 2

Option 4: Partner's capital account

Question : On dissolution of a firm, bank overdraft is transferred to -

Option 1: Overdraft Account

Option 2: Realisation Account

Option 3: Partner's Capital Account

Option 4: Bank Account

Question : On dissolution of the firm partner's capital account is closed through.

Option 1: realization account

Option 2: drawing account

Option 3: loan account

Option 4: bank account

Question : On dissolution of the firm partner's capital account is closed through.

Option 1: realization account

Option 2: drawing account

Option 3: loan account

Option 4: bank account

Question : On firm dissolution, which one of the following accounts should be prepared at the last?

Option 1: Realization account

Option 2: Partner's capital account

Option 3: Partner's loan account

Option 4: Cash account