Dissolution of Partnership Firm MCQs

1) On firm's Dissolution, Patents realised at ₹ 50,000. State which account will be credited.

2) At the time of dissolution of partnership firm, Deferred Revenue Expenditure is transferred to

3) On Dissolution, Goodwill Account is transferred to

4) Which of the following is transferred to Realisation A/c?

5) At the time of dissolution of firm, at what stage the balance of Partner's Capital Account are paid?

6) Amount received from sale of unrecorded asset at the time of dissolution of the firm is credited to

7) At the time of dissolution of firm, loan given by partner to the firm is paid out of the amount realised on sale of assets

8) At the time of Dissolution, a Partner gives his personal assets to firm's creditor in settlement, the account credited will be

9) Which of the following is not the mode of dissolution of the firm?

10) On Dissolution, if a partner pays firm's liability which of the following account is debited?