Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test

  • Medium English
  • Available questions23
  • Chapter Name7
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Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test

  • Total Questions15

  • Time Allowed20

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Principles of Accounting Icom Part 2 English Medium Chapter 7 Online Test

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Question # 1

In case of Garner Vs. Murray rule, the decision was given is.

Question # 2

In case of dissolution, assets sold for cash are debited to

Question # 3

The end or termination of partnership is called.

Question # 4

When a firm dissolved with the consent of all the partners it is called.

Question # 5

Un recorded liability when paid on dissolution of the firmis debited to.

Question # 6

If any partner takes the responsibility to pay the liabilities of the firm at the time of dissolution then it should be credited to.

Question # 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.

Question # 8

In case of dissolution if there is any undivided profit are reserve should be credited to.

Question # 9

In the absence of any agreement Reserve on dissolution of a partnership firm is credited to the partners.

Question # 10

The Decision in Garner Va. Murray was given in.

Question # 11

Generatal reserve at the time of dissolution is transferred to

Question # 12

Reserve for bad and doubtful debts appearing in the books of accounts at the time of dissolution shuld be transferred to.

Question # 13

If any partner takes over any asset at the time of dissolution then it should be debited to.

Question # 14

If all the partners but one is solvent it is.

Question # 15

The partnership may come to an end due to the

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