Question : Which of the following is transferred to Realisation Account:

Option 1: Bank Account

Option 2: Balance of Profit & Loss Account

Option 3: cash received from debtors

Option 4: capital account

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

Option 1: Balance of Cash Account

Option 2: Balance of Reserves

Option 3: Balance of Profit & Loss Account

Option 4: All of the Above

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 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