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Final stage is

Answer and explanation

Correct answer: रियलाइज़ेशन खाते के लाभ या हानि को साझेदारों के पूंजी खातों में अंतरित करना

After recording the transfer and settlement of assets and liabilities, the profit or loss on realisation is determined. The final step is to transfer this profit or loss to the partners’ capital accounts in their profit-sharing ratio. Transfer of assets, payment of liabilities, and recording cash received from asset sales are earlier steps, not the final one. Exam tip: Profit or loss on realisation is ultimately transferred to the partners’ capital accounts.

Related tags

Partnership DissolutionRealisation AccountPartnership AccountingPartners Capital AccountsClass 12 AccountancyDissolution Of A Partnership FirmAccountancyClass 12 Mcq

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