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DP
Question Practice

What is the significance of a Realisation Account in 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 is the significance of a ...

Single Answer MCQ
Q-00003002

What is the significance of a Realisation Account in the dissolution of a partnership firm?

1

To record daily transactions

2

To record profits earned

3

To record the sale of assets and payment of liabilities

4

To record partner salaries

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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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