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DP
Question Practice

What is the treatment of accumulated profits and reserves when a firm dissolves?

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 treatment of accum...

Single Answer MCQ
Q-00082361

What is the treatment of accumulated profits and reserves when a firm dissolves?

1

Transferred to Realisation Account

2

Paid to Partners’ Capital Accounts

3

Credited to Bank Account

4

None of the above

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What is the meaning of dissolution of partnership firm?

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Differentiate between dissolution of partnership and dissolution of partnership firm.

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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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