Multiple Choice
In the case of dissolution of the firm , the account opened for closing various items in the balance sheet is called ----------------
A) Deficiency account
B) Revolution account
C) Realization account
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Q14: The nominal account prepared to close the
Q15: Find the odd one<br>A)Retirement of a partner<br>B)Death
Q16: A partnership which can be dissolved at
Q17: ---------------- of the Indian Partnership Act, 1932
Q18: -------------- is a situation where in existing
Q19: When a liability is assumed by a
Q20: Liabilities to third parties are paid -------------<br>A)First<br>B)Second<br>C)Third<br>D)Lastly
Q21: In the event of dissolution of firm
Q23: When the relation of partnership among different
Q24: The ------ has distinguished the 'dissolution of