Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Dissolution of a Partnership Firm › A loss on realisation is recorded by:
A loss on realisation is recorded by:
ADr Realisation, Cr Capital
BDr Bank, Cr Realisation
CDr Reserve, Cr Realisation
DDr Capital, Cr Realisation
Answer & Solution
Correct answer: D. Dr Capital, Cr Realisation
Loss is shared by partners, so their capital accounts are debited and Realisation Account is credited.
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