To transfer all the accumulated profits, the journal entry is - Options: A . &nbsp Partner’s capital A/c Dr. To Accumulated Profits/ Reserves A/c B . &nbsp Accumulated Profits/ Reserves A/c Dr. To Partner’s capital A/c C . &nbsp Realisation A/c Dr. To Accumulated Profits/ Reserves A/c D . &nbsp Realisation A/c Dr. To Partner’s capital A/c

To transfer all the accumulated profits, the journal entry is -

Question -

To transfer all the accumulated profits, the journal entry is -

Options:

A . Partner’s capital A/c Dr. To Accumulated Profits/ Reserves A/c

B . Accumulated Profits/ Reserves A/c Dr. To Partner’s capital A/c

C . Realisation A/c Dr. To Accumulated Profits/ Reserves A/c

D . Realisation A/c Dr. To Partner’s capital A/c

Answer: Option B
:
B

To transfer all the accumulated profits, the journal entry is -

Accumulated Profits/ Reserves A/c Dr.

To Partner’s capital A/c

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