After the expiry of the period for which the partnership has been formed is ___________________ type of dissolution.
Dissolution by agreement
Dissolution by notice
Dissolution on contingencies
Dissolution by court
Identify dissolution by notice
In case of partnership at will, any partner may ask for the dissolution of the firm by serving notice and the firm will be dissolved.
After the expiry of the period for which the partnership has been formed.
On the death of a partner.
By adjudication of any partner as insolvent.
The amount received from the sale of unrecorded assets.
Debit of Cash Account
Credit of Bank Account
Debit of Realisation Account
Credit of Cash Account
In which situation partners of the firm may voluntarily dissolution of firm at any time ?
Compulsory dissolution
The ___________________ side of Bank A/C records the opening balance of cash in hand and cash at bank.
Debit
Credit
Both A & B
None of these
In case of partnership at will, any partner may ask for the dissolution of the firm by serving notice and the firm will be dissolved is the ____________________ type of dissolution.
If Bank A/C is prepared, cash in hand should be deposited in the ____________________ A/C.
Cash A/C
Bank A/C
Loan A/C
Dissolution of the partnership is
Compulsory
Voluntary
Both a & b
Contingency Reserve appearing at the liabilities side will be transferred to the _______________ side of partners capital A/C.
On the Dissolution of firm, provision for doubtful bills will be shown at the ________________ side of Realisation Account.
