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What is the main purpose of partners' capital accounts at the time of dissolution?

Answer and explanation

Correct answer: To show final amount payable to or receivable from partners

On dissolution capital accounts show the final settlement with partners. Remember them as the accounts for final payment or recovery.

Related tags

DissolutionPartner AccountsCapital AccountPartner AccountsDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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