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

  • Medium English
  • Available questions46
  • 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

If all the partners but one is solvent it is.

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

If all the partners but one is solvent it is.

Question # 6

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

Question # 7

Realizaton account is a.

Question # 8

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

Question # 9

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

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

The end or termination of partnership is called.

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