Provision for Doubtful Bill will be shown at the credit side of ________________ Account.
Realisation A/C
Partner's loan A/C
Sundry Asset A/C
None of these
On the dissolution of a firm, Amount received from the sale of assets is shown at the _________________ side of Realisation A/C.
Debit
Credit
Both A & B
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
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.
Ram, who was to look after the dissolution agreed to accept Rs 900 towards realisation expenses. He actually incurred Rs 1200 as realisation expenses. Realisation A/C should be debited with __________________ for expenses.
Rs 300
Rs 900
Rs 1200
Rs 2100
The Amount received from the sale of assets will be recorded at the ________________ side of Bank A/C.
Which one is the discountinvance of all the business activities of firm ?
Dissolution of partnership
Dissolution of firm
Death of a partner
Retirement of partner
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
In which dissolution the partners of the firm may voluntarily agree for the dissolution of the firm at any time ?
Compulsory dissolution
When the goodwill is raised _____________.
It will be shared by all partners
Shared by retiring or deceased partners
Shared by existing partners
None of the above
