Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

Which of the following accounts does not remain open after the dissolution of the firm is complete?

Answer and explanation

Correct answer: All of the above

Once dissolution is complete, the assets have been realised, liabilities have been settled, and the partners’ capital accounts have been finally adjusted. Consequently, the Cash Account, Realisation Account and Capital Accounts are all closed. Therefore, ‘All of the above’ is correct. Exam tip: At the completion of dissolution, no account should retain an unsettled balance.

Related tags

Partnership DissolutionRealisation AccountCapital AccountsCash AccountClosing EntriesClosing The BusinessDissolution Of A Partnership FirmAccountancy

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.