A. partners capital account
B. revaluation account
C. partners current account
D. Realization account
Correct Answer:
Option D – Realization account
Explanation
Realization account: the cash realized from sales of asset is credited to it
A. partners capital account
B. revaluation account
C. partners current account
D. Realization account
Correct Answer:
Option D – Realization account
Explanation
Realization account: the cash realized from sales of asset is credited to it
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