On dissolution of the partnership firm of A, B and C, the accumulated profits of € 40,000 will be transferred to which of the following account ?

Class 12th Accountancy, Question paper 2023 -On dissolution of the partnership firm of A, B and C, the accumulated profits of € 40,000 will be transferred to which of the following account ?

By
Komal Kohli
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Question :On dissolution of the partnership firm of A, B and C, the accumulated profits of € 40,000 will be transferred to which of the following account ?

(A) Revaluation Account

(B) Realisation Account
(C)* Partners’ Capital Accounts

(D) Bank Account

The correct answer is -(C)* Partners’ Capital Accounts

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