Question : Which of the following is not transferred to the Realisation Account:

Option 1: Bank account

Option 2: partner's loan account

Option 3: partners capital account

Option 4: All of the above

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 : 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 : 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 : 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