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Realization loss is not transferred to insolvent partner’s Capital Account.

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State whether the following statements are True or False with reasons.

Realization loss is not transferred to insolvent partner’s Capital Account.

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This statement is False.

All partners of the firm are responsible for Loss on realization and hence loss on realization is supposed to be transferred to all Partners’ Capital Account, without any discrimination of solvent or insolvent.

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