Multiple Choice
Realization account Dr. To asset a/c, this entry is written
A) To open the asset account
B) To close the asset account
C) To transfer the profit on asset account
D) None of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: The account opened to close the various
Q9: Amount advanced by partner over and above
Q10: Goodwill appearing in the balance sheet at
Q11: On dissolution, all assets except cash are
Q12: On dissolution, partners loan, if any, will
Q14: The nominal account prepared to close the
Q15: Find the odd one<br>A)Retirement of a partner<br>B)Death
Q16: A partnership which can be dissolved at
Q17: ---------------- of the Indian Partnership Act, 1932
Q18: -------------- is a situation where in existing