HomeTestsSearchRankProfile
easyMCQCUET Accountancy 2025 30 May Shift 12026Accountancy
1 mark

On dissolution of the firm, partner's capital accounts are closed through:

  1. A
    Loan Account
  2. B
    Bank Account
  3. C
    Drawings Account
  4. D
    Realisation Account

Solution & Step-by-step Explanation

During dissolution, after all assets and external liabilities are settled via the Realization Account and partners' loans are paid, the final balances of partners' capital accounts are settled and closed through final payments or receipts via the Bank Account (or Cash Account).

Practice this question

Try it yourself before checking the explanation above.

On dissolution of the firm, partner's capital accounts are closed through:
A
Loan Account
B
Bank Account
C
Drawings Account
D
Realisation Account

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Discussion