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On dissolution , Goodwell account is t...

On dissolution , Goodwell account is transferred to ):

A

In the Capital Accounts of partners

B

On the credit of cash Account

C

On the debit of Realisation Account

D

On the credit of Realisation Account

Text Solution

Verified by Experts

The correct Answer is:
C
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. A partnership firm is compulsorily dissolved ):

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

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

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

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

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

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

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

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

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

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

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

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  13. Profit or loss of realisation account is transferred to :

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  14. Which of the following is transferred to Realisation Account :

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  15. Which of the following in not transferred to Realisation Account:

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  16. On taking Responsibility of payment of a liability of Rs, 50,000 by Pa...

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  17. Cash Balance shown in the Balance sheet is shown on dissolution...

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  18. On Firm 's Dissolution , on realisation of goodwill (which was shown...

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  19. On dissolution of a firm ,Its Balance sheet revealed total credot...

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  20. On Firm 's Dissolution ,when a partner voluntarily gives his person...

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