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On Firm 's Dissolution , on realisation...

On Firm 's Dissolution , on realisation of goodwill (which was shown in Balance sheet ) will be credited to :

A

Cash A/C

B

Realisation A/C

C

Profit &Loss A/C

D

None of the A/C

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Verified by Experts

The correct Answer is:
B
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. On taking Responsibility of payment of a liability of Rs, 50,000 by Pa...

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

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

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

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

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

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

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

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

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  10. On dissolution partner's Loan transferred to :

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

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

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

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

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

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

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

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  18. On Dissolution , losses are first of all met :

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  19. ……………is prepared at the time of dissolution :

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  20. While transferring assets to realisation account ………………. Is omitte...

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