Dissolution of Partnership Firm MCQs SET 2

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

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

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

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

5) 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 :

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

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

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

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

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