NCERT Class 12 Accountancy MCQ : Dissolution of a Partnership Firm
Delve into the intricacies of business dynamics with our specialized Multiple Choice Questions (MCQs) page on the “Dissolution of a Partnership Firm.” Navigate through the complexities of partnership dissolution, featuring questions meticulously curated from the previous year papers of diverse exams, including the esteemed UPSC IAS exams.
This resource is intricately designed to provide a comprehensive understanding of the legal and financial processes involved in dissolving a partnership firm. Whether you’re a business student or a professional preparing for competitive exams, these MCQs offer a strategic approach to mastering the nuances of partnership dissolution.
Prepare with confidence, knowing that our collection mirrors the diverse question formats encountered in exams across different sectors. From analyzing the legal implications of dissolution to understanding the financial settlements, this page serves as a valuable tool for honing your knowledge of the dissolution process in partnership firms.
Gain a competitive edge by accessing insights derived from real-world applications and historical perspectives embedded in our MCQs. Navigate through the intricacies of partnership dissolution confidently, armed with knowledge distilled from previous year papers and designed to help you excel in exams.
NCERT Class 12 Accountancy : Dissolution of a Partnership Firm MCQ – NCERT Class 12 MCQ
Question:
In the event of dissolution of partnership firm, the provision for doubtful debts is transferred to
A
B
C
D
Question:
On dissolution, if a partner undertakes to make payment of a liability of the firm, the account to be debited is
A
B
C
D
Question:
At the dime of firm’s dissolution, Balance of General Reserve shown in the Balance Sheet is credited to
A
B
C
D
Question:
On dissolution, goodwill account is transferred to
A
B
C
D
Question:
At the time of dissolution of partnership firm, fictitions assets are transferred
A
B
C
D
Question:
On dissolution of a firm, a partner paid 1,500 Rs. for firm’s realisation expenses. Which account will be debited ?
A
B
C
D
Question:
On taking responsibility of payment of realisation expenses by a partner, the account credited will be
A
B
C
D
Question:
When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to
A
B
C
D
Question:
Which of the following is transferred to Realisation Account ?
A
B
C
D
Question:
On disolution of firm, loss calculated in realisation account is debited/credited to which account
A
B
C
D
Question:
Which of the following is not transferred to Realisatsion Account
A
B
C
D
Question:
On taking responsibility of payment of a liability of ₹ 20,000 by a partner, the account credited will be :
A
B
C
D
Question:
Cash balance shown in the Balance Sheet is shown on dissolution of firm in :
A
B
C
D
Question:
There was an Unrecorded asset of ₹ 12,000 which was taken over by a partner at ₹ 10,500. Partner’s Capital Account will be debited by…
A
B
C
D
Question:
On dissolution of a firm, Bank overdraft is transferred to:
A
B
C
D
Question:
On dissolution of a firm, Partner’s Loan Account is transferred to:
A
B
C
D
Question:
The accumulated profits and reserves are transferred to:
A
B
C
D
Question:
On dissolution, Goodwill Account is transferred to
A
B
C
D
Question:
On dissolution, when a partner takes over an asset……….is debited :
A
B
C
D
Question:
After transferring liabilities like creditors and bills payable in the Realisation Account in the absence of any informations regarding their payment, such liabilities are treated as
