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DP
Question Practice

When a partner agrees to bear the realisation expenses, how is it accounted if the firm pays?

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

When a partner agrees to bear ...

Single Answer MCQ
Q-00082367

When a partner agrees to bear the realisation expenses, how is it accounted if the firm pays?

1

Partner’s Capital A/c Dr.

2

Realisation A/c Dr.

3

Cash Account Dr.

4

Liabilities A/c Dr.

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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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