1.
Unrecorded assets taken over by any creditor will _
1 out of 10
2.
At the time of dissolution, goodwill of the firm is closed by transferring it to _ account
2 out of 10
3.
Realisation expenses are debited to
3 out of 10
4.
Accumulated profits and losses are transferred to credit of
4 out of 10
5.
Accumulated losses and reserves are transferred to the debit of __ a/c
5 out of 10
6.
Unrecorded liabilities when paid are debited to
6 out of 10
7.
On firm’s dissolution, when a partner voluntarily gives his personal asset to firm’s creditor payment, the account credited will be
7 out of 10
8.
The modes by which a firm may be dissolved are
8 out of 10
9.
At the time of dissolution of the firm , if goodwill appears in the balance sheet , it is transferred to
9 out of 10
10.
Unrecorded assets when realised is credit to
10 out of 10
