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