| 1 |
The Decision in Garner Va. Murray was given in. |
- A. 1905
- B. 1904
- C. 1804
- D. 1933
|
| 2 |
In case of dissolution if there is any undivided profit are reserve should be credited to. |
- A. Partners capital accounts
- B. Realization accounts
- C. Reserve account
- D. Revaluation accounts
|
| 3 |
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
|
| 4 |
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
|
| 5 |
Generatal reserve at the time of dissolution is transferred to |
- A. All partners capital accounts
- B. Realization account
- C. Solvent partners capital account
- D. Insolvent patner's capital account
|
| 6 |
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
|
| 7 |
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
|
| 8 |
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
|
| 9 |
If all the partners but one is solvent it is. |
- A. Compulsory dissolution of firm
- B. Dissolution by agreement
- C. Or may not cause dissolution
- D. None of these
|
| 10 |
At the time of dissolution, all the assets of the firm are transfered in the realization account at. |
- A. Market value
- B. Book value
- C. Cost value
- D. Bale value
|
