Q. On dissolution, the balance of ‘Profit & Loss Account’ appearing on the assets side of a Balance Sheet is transferred to :
  • (A) On the credit of Realisation Account
  • (B) On the debit of Realisation Account
  • (C) On the credit of Partner’s Capital Accounts
  • (D) On the debit of Partner’s Capital Accounts
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✅ Correct Answer: (D) On the debit of Partner’s Capital Accounts

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