| 1 |
The Decision in Garner Va. Murray was given in. |
- A. 1905
- B. 1904
- C. 1804
- D. 1933
|
| 2 |
Un recorded liability when paid on dissolution of the firmis debited to. |
- A. Realization account
- B. Liability account
- C. Partners capital account
- D. None of these
|
| 3 |
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
|
| 4 |
Realizaton account is a. |
- A. Nominal account
- B. Real account
- C. Personal account
- D. Cash account
|
| 5 |
On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to. |
- A. Realization account
- B. Partners capital account
- C. Assets account
- D. None of these
|
| 6 |
In case of dissolution, assets sold for cash are debited to |
- A. Realization account
- B. Cash account
- C. Assets account
- D. None of these
|
| 7 |
If any partner takes the responsibility to pay the liabilities of the firm at the time of dissolution then it should be credited to. |
- A. Partner's capital account
- B. Realization account
- C. Liabilities accounts
- D. Cash accounts
|
| 8 |
The balance of realization account is transferred to the capital accounts of the partners in. |
- A. Capital ratio
- B. Equality
- C. Interest ratio
- D. Profit sharing ratio
|
| 9 |
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
|
| 10 |
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
|
