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On dissolution of a firm, bank overdraft is transferred to:
  • a)
    Cash Account
  • b)
    Bank Account
  • c)
    Realisation Account
  • d)
    Partner’s Capital Account
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
On dissolution of a firm, bank overdraft is transferred to:a)Cash Acco...
Bank overdraft is an External liabilities so transfer to realisation A/c.
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Community Answer
On dissolution of a firm, bank overdraft is transferred to:a)Cash Acco...
C) Realisation Account
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On dissolution of a firm, bank overdraft is transferred to:a)Cash Accountb)Bank Accountc)Realisation Accountd)Partner’s Capital AccountCorrect answer is option 'C'. Can you explain this answer?
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