Dissolution of ...

If there is no liability on account of workmen’s compensation then the whole amount of workmen’s compensation fund will be credited to

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. As unrecorded Entries to effect of Deferred Advertisement Expenditure A/c appeared in the book at ₹28,000 to be written off. By what amount B’s account should be debited for the same?

A. loan of ₹20000 advances by a partner to the firm were paid. Journal Entry will be

Can a partner’s loan be transferred in his capital account?

Undistributed balance (debit) of Profit and loss account ₹90000. The firm has three partners A, B and C. By what amount B’s account should be Debited

When assets are transferred to Relisation account they are transferred at _____ amount , ____ against the assets is transferred separately

In case of deficiencies, losses will be met first from____

Section 48 of the Indian Partnership Act, 1932 deals with the settlement of accounts at the time of ______________

There was an unrecorded liability regarding creditors of ₹5,000. The actual amount was decided to settle this liability was ₹3,100. Mohan (one partner) is ready to pay that liability. Give entry.

As per which section of the Indian Partnership Act, 1932, at the suit of a partner, the Court may dissolve a firm?

Anil and Baman were partners sharing  profits and losses equally. The firm dissolved on 15 march 2012, which resulted a loss of ₹30000.On that date, capital account of Anil showed a credit balance of ₹20000.Transfer of loss to capital account of Anil will be

Payment of firm’s debts and private debts are treated as per the ________

Investment (face value ₹18000) were taken over by the partners in the profit sharing ratio (5:4:3) at ₹12000. The firm has three partners A , B and C.Investment amount transfer to B’s Capital account should be

Investment (face value ₹24000) were taken over by the partners in the profit sharing ratio (5:4:3) at ₹18000. The firms three partners are A , B and C. Journal entry for Investment amount transfer to partner’s Capital account

First pay _______ and then pay ______ is the basic rule

Value of a Computer given in the balance sheet Rs.6,000. Market value of that computer is Rs.4,000. But nothing is mentioned in the question about the realized value of computer. How much realized value should be recorded?

Ramesh who undertakes to carry out the dissolution work is paid Rs.3,800 for the same. He paid realization expenses Rs.2,000 and he was to bear these expenses. Give entry.

Asset taken over by partner will be shown in:

Which two accounts are merged at the time of dissolution? Instead of preparing them separately, we make only one account.

Ram, Mohan and Sohan are partner, Shyam one friend of Mohan has advanced a loan to the firm of ₹2,00,000 and Ram has advanced a loan of ₹1,00,000. How loan of Shyam is to be paid back at the time of dissolution?

When a partner capital account shows a debit balance, his loan account should be transferred to his Capital account by what amount

At the time of dissolution amount due to the Partners ₹2,00,000; Partner’s loan ₹30,000 and amount due to the creditors ₹2,00,000. In which order you will pay the amount?

What journal entry you will record to close the partners’ capital accounts showing positive balance at the time of dissolution?

Advertisement suspense is a ______

Creditor’s paid ₹58000 in full settlement of 65000. By what amount Bank account should be credited