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

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

Question # 2

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

Question # 3

The partnership may come to an end due to the

Question # 4

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

Question # 5

On the dissolution of the partnership unrecorded assets if takes away by the partners is debited to.

Question # 6

The Decision in Garner Va. Murray was given in.

Question # 7

If all the partners but one is solvent it is.

Question # 8

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

Question # 9

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

Question # 10

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

Question # 11

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

Question # 12

Generatal reserve at the time of dissolution is transferred to

Question # 13

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 # 14

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

Question # 15

Realizaton account is a.

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