Dissolution of Partnership Firm MCQs SET 2

1) On dissolution of a firm, out of the proceeds received from the sale of assets will be paid first of all

2) Court can make an order to dissolve the firm when :

3) On dissolution of a partnership firm, profit or loss on realisation is distributed among the partners

4) On dissolution of a firm, realisation account is debited with

5) On firm’s dissolution, which one of the following account should be prepared at the last?

6) At the time of dissolution of firm, at which stage the balance of partner’s capital accounts is paid?

7) At the time of dissolution of firm, “Loan of partners” (Loans given by partners to the firm) is paid out of the amount realised on sale of assets :

8) Unrecorded liability, when paid on dissolution of a firm is debited to :

9) In the event of dissolution of a partnership firm, the provision for doubtful debts is transferred to

10) In which condition a partnership firm is deemed to be dissolved?