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On dissolution of firm .Loss calculat...

On dissolution of firm .Loss calculate in realisation account is debited / Credited to which account ?

A

Cash Accounts(credit )

B

Partners'Capital Accounts(debit)

C

Partners'Capital Accounts(credit)

D

Realisation Account (drebit)

Text Solution

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The correct Answer is:
B
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. On Dissolution of a firm , a partner paid Rs. 700 for firm 's Real...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  16. On dissolution partner's Loan transferred to :

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

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  18. There was an Unrecorded asset of Rs, 2,000 which was taken over ...

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  19. On Dissolution of a firm , an unrecorded furniture of the value o...

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  20. On the basis of following data final payments to a partner on fir...

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