On firm’s dissolution, when a partner voluntarily gives his personal asset to firm’s creditor payment, the account credited will be
A. Realization a/c
B. Partner’s Capital a/c
C. bank a/c
D. none of these
Answer:B
On firm’s dissolution, when a partner voluntarily gives his personal asset to firm’s creditor payment, the account credited will be
A. Realization a/c B. Partner’s Capital a/c C. bank a/c D. none of these