Dissolution of ...

Realisation Account is:

Under Garner Vs Murry Rule, the insolvency loss should be borne by solvent partners according to:

Unrecorded liability will be shown in:

When Asset is taken over by a creditor:

Money realised from the sale of unrecorded assets is debited to the _________

All the assets of the firm are _____ and all outsiders’ liabilities and partners’ loan and partners capitals are ___ at the time of dissolution of firm.

Which of the following Reserve or fund is not transferred to the Realisation Account?

When Realised value of an asset is not given, It should be taken at ______

If Creditors are given ₹20,000 in the balance sheet. But nothing is mentioned under additional information about the payment of the same. How much amount will be paid to the creditors?

If creditors given in the balance sheet ₹30,000. Stock costing ₹10,000 taken over by creditors at market price of ₹8,000 at the time of dissolution of partnership firm and balance amount paid in cash after deducting a discount of 10%. How much amount is paid in cash?