Chapter 6: Dissolution of Partnership Firm

Final amount payable to partners depends on:

Dissolution ends:

Settlement among partners is done through:

Insolvency of partners is:

Sale of assets to company is:

Which is excluded from CBSE syllabus?

Partner’s loan account appears on:

If liabilities exceed assets, result is:

Which account records final settlement?

Dissolution account is another name for:

Partner’s capital accounts are finally:

Assets realised ₹50,000, entry:

Creditors paid ₹10,000, entry:

Bills Receivable are transferred to:

Dissolution by mutual agreement is:

Which liability is paid after external creditors?

Cash balance at dissolution is shown in:

Realisation expenses are usually:

Dissolution by expiry of term is:

If asset is taken over by partner:

On dissolution, bank loan is:

Realisation Account helps in determining:

If a liability is not taken over, it is:

Section 48 relates to:

Order of payment under Section 48 begins with:

Cash brought by partner for deficiency:

On dissolution, goodwill account is:

When creditors accept stock:

Reserve Fund is transferred to:

Which is NOT transferred to Realisation A/c?

Debit balance of Realisation Account indicates:

Credit balance of Realisation Account indicates:

Realisation expenses paid by a partner personally:

Deficiency of capital is borne:

Dissolution by court may happen when:

Partner’s loan is paid:

Unrecorded liabilities when paid are:

Unrecorded assets when realised are:

Realisation Account is a:

Which account is prepared first during dissolution?

Loss on realisation is shared:

Profit on realisation is transferred to:

Realisation expenses paid by firm are:

Liabilities taken over are:

Fictitious assets are:

Cash in hand is:

On dissolution, assets are transferred to Realisation Account at:

Realisation Account is prepared:

Dissolution of partnership firm means:

Dissolution of partnership means: