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Question Practice

What account is used to record the realizations of assets and payments of liabilities during the dissolution of a partnership firm?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Dissolution of Partnership Firm
Question Bank

What account is used to record...

Single Answer MCQ
Q-00082372

What account is used to record the realizations of assets and payments of liabilities during the dissolution of a partnership firm?

1

Realisation Account

2

Profit and Loss Account

3

Capital Account

4

Cash Account

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Q1.

What is the meaning of dissolution of partnership firm?

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Q2.

Differentiate between dissolution of partnership and dissolution of partnership firm.

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Q3.

Describe the various modes of dissolution of a partnership firm.

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Q4.

Explain the rules relating to the settlement of claims among all partners during dissolution.

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