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Q 1/10
Score 0
. In which condition a partnership firm is deemed to be dissolved?
30
On loss in partnership
On expiry of the period of partnership
on retirement of a partner
On a partner’s admission
Q 2/10
Score 0
Court can make an order to dissolve the firm when :
30
Partnership deed is fully followed
Some partner has become fully mad
Continued future profits are expected
Firm is running legal business
10 questions
Q.
. In which condition a partnership firm is deemed to be dissolved?
1
30 sec
Q.
Court can make an order to dissolve the firm when :
2
30 sec
Q.
Which of the following is transferred to Realisation Account:
3
30 sec
Q.
On dissolution, losses are first of all met:
4
30 sec
Q.
On dissolution of a firm, debtors were ₹17,000. Of these ₹500 became bad and the rest realised 60%. Which account will be debited and by how much amount?
5
30 sec
Q.
How much amount will be paid to Creditors for ₹25,000 if ₹5,000 of the creditors are not to be paid and the remaining creditors agreed to accept 5% less amount?
6
30 sec
Q.
P, a partner, is to bear all expenses of realisation for which he is to be paid ₹2,000. P had to pay realisation expenses of ₹2,500. How much amount will be debited to Realisation Account?
7
30 sec
Q.
How much amount will be paid to A, if his opening capital is ₹2,00,000 and his share of realisation profit amounts to ₹10,000 and he has taken over assets valuing ₹25,000 from the firm?
8
30 sec
Q.
Sundry Creditors amounted to 8,000. These were paid at a discount of 5%. Realisation account will be debited by
9
30 sec
Q.
On dissolution, the balance of a partner’s capital account appearing on the assets side of a balance sheet is transferred to
