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On dissolution , if a partner undertake...

On dissolution , if a partner undertakes to make payment of a liability of the firm ……… is(debited)

A

Profit & Loss Account

B

Relisation Account

C

Partner's capital account

D

Cash account

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The correct Answer is:
B
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
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  2. In the event of dissolution of a partnership firm , the provisi...

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  3. On dissolution , if a partner undertakes to make payment of a liabi...

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  4. Unrecorded liability , when paid on dissolution of a firm is de...

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  5. On dissolution of a partnership firm , profit or loss on realisatio...

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  6. On Dissolution of the firm , amount received from sale of unreco...

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  7. Realisation A/C is a :

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  8. In the event of dissolution of firm , the partner's personal asset...

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  9. A partnership firm is compulsorily dissolved ):

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  10. At the time of firm 's dissolution , Balance of general Reserve s...

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  11. On dissolution , Goodwell account is transferred to ):

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  12. At the time of dissolution of partnership firm , Fictitous asset...

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  13. At time of dissolution of partnership firm , the balance of profi...

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  14. At the time of dissolution of partnership firm , the amount of '...

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  15. On dissolution , the final balance of capital accounts accounts ...

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  16. Change in the existing agreement between the partners is called :

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  17. At time of dissolution of partnership firm , the balance of profi...

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  18. On Dissolution of a firm , a partner paid Rs. 700 for firm 's Real...

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  19. On taking responsibilty of payment of Realisation expenses by a p...

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  20. On dissolution of firm .Loss calculate in realisation account is ...

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