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Question Practice

What is the profit or loss on realisation determined by?

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 is the profit or loss on ...

Single Answer MCQ
Q-00082378

What is the profit or loss on realisation determined by?

1

Total realizations minus total assets

2

Total realization of assets minus total payments of liabilities

3

Total liabilities minus total assets

4

Total assets minus total capital

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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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