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On dissolution, the balance of a part...

On dissolution, the balance of a partner's capital account appearing on the assets side of a balance sheet 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 Account

D

On the credit of cash account

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The correct Answer is:
C
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. On dissolution ,when a patner takes over an asset ………… is debited

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

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

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  4. On dissolution partner's Loan transferred to :

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

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

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

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

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

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

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

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

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

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

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  15. If total assets areRs, 2,00,000 total liabilities are Rs, 40,000 amo...

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  16. On dissolution of a firm , debtors were Rs. 17,000 Of these Rs, ...

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  17. In the Balance sheet Total debtors appear at Rs.50,000 and Prov...

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  18. How much amount will be paid to creditors for Rs, 25,000 if Rs, ...

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  19. P, a partner , is to bear all expenses of realisation for which he...

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  20. How much amount will be paid to A , If his opening capital is ...

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