Question

After liquidating all the assets and paying off the liabilities, any credit balance in the realisation account would be credited to the _________________.

• A. Bank A/c
• B. Realisation A/c
• C. Partners’ capital A/c
• D. None of these

Answer 1

The correct option is C

Partners’ capital A/c

After liquidating all the assets and paying off the liabilities, any credit balance in the realisation account would be credited to the Partners’ capital account.