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DP
Question Practice

What happens to the liabilities of the firm upon dissolution?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

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

What happens to the liabilitie...

Single Answer MCQ
Q-00082334

What happens to the liabilities of the firm upon dissolution?

1

They are ignored.

2

They are transferred to Realisation Account.

3

They are recorded as income.

4

They are distributed among partners.

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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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