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Profit or loss of realisation account i...

Profit or loss of realisation account is transferred to :

A

Profit &Loss Account

B

Capital accounts of partners

C

Balance sheet

D

None of the above

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  15. On dissolution partner's Loan transferred to :

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

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

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

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

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  20. On payment of expenses of dissolution , account will be debited :

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