| 1 |
Where a partner become unsound mind the dissolution is considered as. |
- A. Dissolution by court
- B. Dissolution by Notice
- C. Dissolution by agreement
- D. Compulsory dissolution
|
| 2 |
The partnership may come to an end due to the |
- A. Death of a partner
- B. Involvency of a partner
- C. Both of the above
- D. None of these
|
| 3 |
As per the decision in Garner Va. Murray the solvent partner bring in cash equal to their share of. |
- A. Realization loss
- B. Profit ratio
- C. Capital ratio
- D. None of these
|
| 4 |
Reserve for bad and doubtful debts appearing in the books of accounts at the time of dissolution shuld be transferred to. |
- A. Realization account
- B. Revalution account
- C. Debtors account
- D. None of these
|
| 5 |
The end or termination of partnership is called. |
- A. Amalgamation
- B. Dissolution
- C. Retirement
- D. Admission
|
| 6 |
Reliization account is opened to find out gain or loss at the time of. |
- A. Admisson of a new partner
- B. Retirement of the partner
- C. Death of the partners
- D. None of these
|
| 7 |
According to the decision in Garner Va. Murray rule the loss due to insolvency of a partner is be shared by solvent, partner in the. |
- A. Capital ratios
- B. Profit sharing ratios
- C. Equal ratios
- D. None of these
|
| 8 |
Realizaton account is a. |
- A. Nominal account
- B. Real account
- C. Personal account
- D. Cash account
|
| 9 |
If any partner takes over any asset at the time of dissolution then it should be debited to. |
- A. Partner's capital accounts
- B. Realization account
- C. Cash account
- D. None of these
|
| 10 |
The Decision in Garner Va. Murray was given in. |
- A. 1905
- B. 1904
- C. 1804
- D. 1933
|
