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Which of the following in not transfer...

Which of the following in not transferred to Realisation Account:

A

Balance of cash Account

B

Balance of Reserves

C

Balance of Profit & Loss Account

D

All of the above

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The correct Answer is:
D
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Which of the following is a method of gene transfer ?

Pass necessary Journal entries for the following transactions on the dissolution of the firm of P and Q after the various assets (other than cash ) and outside liabilities have been transferred to Realisation Account : (a) Bank Loan ₹ 12,000 was paid . (b) Stock worth ₹ 16,000 was taken over by partner Q . (c) Partner P paid a creditor ₹ 4,000 . (d) An asset not appearing in the books of accounts realised ₹ 1,200 . (e) Expenses of realisation of ₹ 2,000 were paid by partner Q . (f) Profit on realisation ₹ 36,000 was distributed between P and Q in 5 : 4 ratio .

In which of the following is transfer mechanism found?

DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. Profit or loss of realisation account is transferred to :

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

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

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

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

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

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

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

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

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

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

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

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  13. On dissolution partner's Loan transferred to :

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

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

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

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

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

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  19. An Unrecorded asset was valued at Rs, 1,00,000. On firm 's Dissolu...

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  20. On firm 's Dissolution , a Partner undertook firm 's Creditors at R...

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