Select the most appropriate alternative from those given below :Dissol

1.	Select the most appropriate alternative from those given below :Dissolution expenses are credited to _________A/c.OptionsRealisation A/cCash/Bank A/cPartner’s Capital A/cPartner’s Loan A/c
Answer» Dissolution expenses are credited to Cash/Bank A/c. Explanation: Payment of realisation expenses results in outflow of cash. Therefore, they are credited to Cash/Bank A/c (as these lead to decrease in cash balance).

Select the most appropriate alternative from those given below :Dissolution expenses are credited to _________A/c.OptionsRealisation A/cCash/Bank A/cPartner’s Capital A/cPartner’s Loan A/c

Answer»

Dissolution expenses are credited to Cash/Bank A/c.

Explanation: Payment of realisation expenses results in outflow of cash. Therefore, they are credited to Cash/Bank A/c (as these lead to decrease in cash balance).

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Select the most appropriate alternative from those given below :Dissolution expenses are credited to _________A/c.OptionsRealisation A/cCash/Bank A/cPartner’s Capital A/cPartner’s Loan A/c

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