Home
Class 12
ACCOUNTS
When realisation expenses are paid by th...

When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to:
1)Realisation Account
2)Partner’s Capital Account
3)Partner’s Loan Account
4)None of the above.

A

Realisation Account

B

Partner’s Capital Account

C

Partner’s Loan Account

D

None of the above.

Text Solution

Verified by Experts

The correct Answer is:
D
Promotional Banner

Topper's Solved these Questions

  • DISSOLUTION OF PARTNERSHIP FIRM

    NCERT|Exercise Test your Understanding – III|10 Videos

  • DISSOLUTION OF PARTNERSHIP FIRM

    NCERT|Exercise Short Answer Questions|6 Videos

  • DISSOLUTION OF PARTNERSHIP FIRM

    NCERT|Exercise Test your Understanding – I|8 Videos

  • CASH FLOW STATEMENT

    NCERT|Exercise Numerical Questions|12 Videos

  • FINANCIAL STATEMENTS OF A COMPANY

    NCERT|Exercise Long Answer Questions|8 Videos