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

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

Question # 2

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

Question # 3

At the time of dissolution, all the assets of the firm are transfered in the realization account at.

Question # 4

The partnership may come to an end due to the

Question # 5

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

Question # 6

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

Question # 7

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

Question # 8

If all the partners but one is solvent it is.

Question # 9

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

Question # 10

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

Question # 11

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

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

Realizaton account is a.

Question # 14

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

Question # 15

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

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