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At the time of dissolution of partners...

At the time of dissolution of partnership firm , the amount of 'Bills Payable ' Shown in the liability side of balance sheet is transferred to :

A

Capital Accounts of partners

B

Realisation Account

C

Cash Account

D

Loan Account of partners

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The correct Answer is:
B
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. At the time of dissolution of partnership firm , Fictitous asset...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  19. On dissolution ,when a patner takes over an asset ………… is debited

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  20. In case of dissolution ,assets are transferred to realisation Ac...

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