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At time of dissolution of partnership ...

At time of dissolution of partnership firm , the balance of profit and loss account shown in the assets side of balance sheet of the firm is transferred to :

A

On the debit of Realisation account

B

On the credit of Realisation Account

C

On the debit of partner's Capital accounts

D

On the credit of pertners's Capital accounts

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Verified by Experts

The correct Answer is:
C
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. On dissolution , the final balance of capital accounts accounts ...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  18. On dissolution, the balance of a partner's capital account appear...

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  19. On dissolution partner's Loan transferred to :

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  20. Sundry creditors amounted to Rs, 8,000 These were paid at a disco...

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