Dissolution of ...

Accumulated losses are transfer to ______ in ________ ratio

A and B share profits and losses in the ration of 5:2. They have decided to dissolve the firm. Assets and external liabilities have been transferred to Realisation A/c. An unrecorded Stock worth₹ 1,600 was taken over by B at₹ 1,200. What should be journal entry?

Choose the current order of priority in settlement of liabilities and capital upon dissolution from items given below:

(a) Expense incurred on realization of assets such as commission, cartage, brokerage etc.

(b) All outside creditors

(c) Balances in Capital Accounts of partners

(d) Partner’s Loan accounts

Correct sequence is

Choose the correct option from below

Name the Account which is prepared for finding the profit or loss on getting amount from selling of all assets and paying amount of liabilities.

If a liability is assumed (to be paid) by a partner in such a case partner capital account is ___

How goodwill account appear in the Balance sheet be treated in case of dissolution of firm

Which of the following account is not prepared at the time of dissolution?

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

A Loan of ₹10,000 advanced by a partner to the firm was refunded. What journal entry should be recorded for the same?