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
Answer:C
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