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

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  • Available questions23
  • Chapter Name7

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

The end or termination of partnership is called.

Question # 2

Reliization account is opened to find out gain or loss at the time of.

Question # 3

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

Question # 4

The balance of realization account is transferred to the capital accounts of the partners in.

Question # 5

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

Question # 6

Generatal reserve at the time of dissolution is transferred to

Question # 7

Realizaton account is a.

Question # 8

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

Question # 9

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

Question # 10

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 # 11

The partnership may come to an end due to the

Question # 12

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 # 13

As per the decision in Garner Va. Murray the solvent partner bring in cash equal to their share of.

Question # 14

Where a partner become unsound mind the dissolution is considered as.

Question # 15

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

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