Question
Accountancy Question on Dissolution of Partnership Firm
Identify the components of equity:
A. Money received against share warrants
B. Working capital
C. Share capital
D. Reserves & surplus
E. Cash Revenue from operations
Choose the correct answer from the options given below:
A
A, C & E only
B
A, C & E only
C
A, B & C only
D
A, C & D only
Answer
A, C & D only
Explanation
Solution
The correct option is (D): A, C & D only