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easyMCQCUET Accountancy2026Accountancy
1 mark

Partner's current accounts are transferred to respective ________ partner's accounts.

  1. A
    Loan
  2. B
    Capital
  3. C
    Current
  4. D
    Realisation

Solution & Step-by-step Explanation

At the time of dissolution of a partnership firm, if the firm has been maintaining separate fixed capital and current accounts, the running balances of the Partner's Current Accounts (whether debit or credit balances) are transferred directly to their respective Partner's Capital Accounts to settle final claims.

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Partner's current accounts are transferred to respective ________ partner's accounts.
A
Loan
B
Capital
C
Current
D
Realisation

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