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On dissolution of a partnership firm, partner’s capital accounts are closed through which of the following account?
Question

On dissolution of a partnership firm, partner’s capital accounts are closed through which of the following account?

A.

Realisation Account

B.

Drawing Account

C.

Loan Account

D.

Bank Account

Correct option is D

Upon dissolution of a partnership firm, the partners' capital accounts are closed through the Bank Account. This involves settling their accounts by paying out any remaining balances or collecting any dues from the partners.

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CUET 2025 English Language Mock 01

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