MCQ Questions Class 12 Accountancy Chapter 5 Dissolution of a Partnership Firm with Answers

Free PDF Download of CBSE Class 12 Accountancy Chapter 5 Dissolution of a Partnership Firm Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 12 Accountancy Chapter 5 Dissolution of a Partnership Firm Multiple Choice Questions with Answers to know their preparation level.

Dissolution of a Partnership Firm Class 12 MCQs Questions with Answers

Class 12 Accountancy Chapter 5 Dissolution of a Partnership Firm MCQ Questions with Answers

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1. On taking responsibility of payment of a liability of ₹ 20,000 by a partner, the account credited will be :

 
 
 
 

2. 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…….

 
 
 
 

3. On dissolution of a firm, a partner paid 1,500 Rs. for firm’s realisation expenses. Which account will be debited ?

 
 
 
 

4. On disolution of firm, loss calculated in realisation account is debited/credited to which account ?

 
 
 
 

5. On dissolution of a firm, Bank overdraft is transferred to:

 
 
 
 

6. At the time of dissolution of partnership firm, fictitions assets are transferred to :

 
 
 
 

7. On dissolution, when a partner takes over an asset……….is debited :

 
 
 
 

8. At the dime of firm’s dissolution, Balance of General Reserve shown in the Balance Sheet is credited to :

 
 
 
 

9. Cash balance shown in the Balance Sheet is shown on dissolution of firm in

 
 
 
 

10. On dissolution, if a partner undertakes to make payment of a liability of the firm, the account to be debited is:

 
 
 
 

11. On dissolution, goodwill account is transferred to :

 
 
 
 

12. On taking responsibility of payment of realisation expenses by a partner, the account credited will be :

 
 
 
 

13. Which of the following is transferred to Realization Account ?

 
 
 
 

14. On dissolution of a firm, Partner’s Loan Account is transferred to:

 
 
 
 

15. Dissolution of a Partnership Firm

 
 
 
 

16. When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to :

 
 
 
 

17. The accumulated profits and reserves are transferred to

 
 
 
 

18. 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 :

 
 
 
 

19. Which of the following is not transferred to Realisatsion Account ?

 
 
 
 

20. On dissolution, Goodwill Account is transferred to :

 
 
 
 

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