Text Solution
Verified by Experts
The correct Answer is:
Topper's Solved these Questions
DISSOLUTION OF PARTNERSHIP FIRM
NCERT|Exercise Short Answer Questions|6 VideosDISSOLUTION OF PARTNERSHIP FIRM
NCERT|Exercise Long Answer Questions|4 VideosDISSOLUTION OF PARTNERSHIP FIRM
NCERT|Exercise Test your Understanding – II|8 VideosCASH FLOW STATEMENT
NCERT|Exercise Numerical Questions|12 VideosFINANCIAL STATEMENTS OF A COMPANY
NCERT|Exercise Long Answer Questions|8 Videos
Similar Questions
Explore conceptually related problems
NCERT-DISSOLUTION OF PARTNERSHIP FIRM-Test your Understanding – III
- All assets (except cash/bank and fictitious assets) are transferred to...
Text Solution
|
- All —— (internal/external) liabilities are transferred to the —— (Debi...
Text Solution
|
- Accumulated losses are transferred to —— (Current/Capital Accounts) i...
Text Solution
|
- If a liability is assumed by a partner, such Partner’s Capital Account...
Text Solution
|
- If a partner takes over an asset, such (Partner’s Capital Account) is ...
Text Solution
|
- No entry is required when a —— (partner/creditor) accepts a fixed asse...
Text Solution
|
- When creditor accepts an asset whose value is more than the amount due...
Text Solution
|
- When the firm has agreed to pay the partner a fixed amount for realisa...
Text Solution
|
- Partner’s loan is —— (recorded/not recorded) in the (Realisation Acco...
Text Solution
|
- Partner’s current accounts are transferred to respective —— Partners’ ...
Text Solution
|