HSC Arts (English Medium) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

State whether the following statements is True or False.

At the time of dissolution of Partnership Firm all assets should be transferred to Realisation A/c.

State whether the following statements is True or False.

At the time of dissolution of Partnership Firm all assets should be transferred to Realisation A/c.

State whether the following statement is True or False.
At the time of dissolution loan from partner will be transferred to Realisation Account.

State whether the following statement is True or False.
At the time of dissolution loan from partner will be transferred to Realisation Account.

State whether the following statement is True or False with reason.

Dissolution takes place when the relation among the partners comes to an end.

State whether the following statement is True or False with reason.

Dissolution takes place when the relation among the partners comes to an end.

State whether the following statement is True or False with reason.

The insolvency loss at the time of dissolution of the firm is shared by the solvent partners in their profit sharing ratio.

State whether the following statement is True or False with reason.

The insolvency loss at the time of dissolution of the firm is shared by the solvent partners in their profit sharing ratio.

State whether the following statement is True or False with reason.

Realisation Loss is not transferred to the insolvent partner’s capital account.

State whether the following statement is True or False with reason.

Realisation Loss is not transferred to the insolvent partner’s capital account.

In case of dissolution assets and liabilities are transferred to ______ A/c.

In case of dissolution assets and liabilities are transferred to ______ A/c.

Deficiency of Insolvent partner will be suffered by solvent partners in their ___________ ratio.

Deficiency of Insolvent partner will be suffered by solvent partners in their ___________ ratio.

Select the most appropriate alternative from those given below :

Partnership is compulsorily dissolved when the partners of the firm become ____________

Select the most appropriate alternative from those given below :

Partnership is compulsorily dissolved when the partners of the firm become ____________

If the number of partners in a firm falls below two, the firm stands_________.

If the number of partners in a firm falls below two, the firm stands_________.

Select the most appropriate alternative from those given below :

Realisation Account is __________on realisation of assets.

Select the most appropriate alternative from those given below :

Realisation Account is __________on realisation of assets.