On dissolution of a firm, a partner paid 1,500 Rs. for firm’s realisation expenses. Which account will be debited ?
A. Cash Account
B. Realisation Account
C. Capital Account of the Partner
D. Profit & Loss A/c
Answer:B
On dissolution of a firm, a partner paid 1,500 Rs. for firm’s realisation expenses. Which account will be debited ?
A. Cash Account B. Realisation Account C. Capital Account of the Partner D. Profit & Loss A/c