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On Dissolution of a firm , an unrecor...

On Dissolution of a firm , an unrecorded furniture of the value of Rs, 5,000 was Taken up by a partner for Rs, 4,300 , which Account will be credited and by how much Amount ?

A

Cash account By Rs, 4,300

B

Realisation Account by Rs, 700

C

Partner's Capital Account by Rs, 5,000

D

Realisation Accounts by Rs,4,300

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The correct Answer is:
D
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DK GOEL-DISSOLUTION OF A PARTNERSHIP FIRM-MULTIPLE CHOICE QUESTIONS
  1. Sundry creditors amounted to Rs, 8,000 These were paid at a disco...

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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  17. Investments valued Rs, 2,00,000 were not shown in the books One o...

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  18. If creditors are Rs, 25,000 ,Capital is Rs, 1,50,000 and cash bala...

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  19. If opening capital of partners are A Rs, 3,00,000 ,B Rs, 2,00,000 a...

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  20. If total assets of a firm Are Rs, 12,00,000 and total libilities ar...

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