When one of the partners has become of unsound mind is the ___________________ type of dissolution.
Dissolution by agreement
Compulsory dissolution
Dissolution by notice
Dissolution by court
On the dissolution of firm, Depreciation fund will be shown at the _________________ side of Realisation Account.
Debit
Credit
Both 1 & 2
None of these
Payment of unreorded liabilities shown at the ___________ side of Realisation A/C.
Dissolution of a firm is _____________.
Partial
Complete
Revised
None of the above
Realisation loss is _____________.
Credited to capital account
Debited to capital account
Debited to realisation account
On the dissolution of firm, Bills payable are transferred to _________________ .
Realisation A/C
Bank A/C
Cash A/C
Partners capital A/C
Partners loan Accounts may transferred to _________________ A/C.
Revaluation A/C
Profit & Loss A/C
Accumulated profit or loss can be transferred to _______________.
Realisation a/c
Partners capital a/c
Bank a/c
On dissolution partners capital is transferred to _________________.
Current account
Realisation account
Creditors account
Dissolution by court is ______________.
Complete dissolution
Partial dissolution
Dissolution of partnership
