Free MCQ’s Quiz on Class 12 Accountancy Part 1 – Chapter 5 – Dissolution of a Partnership Firm – Set 1
Free MCQ’s Quiz for Class 12 Accountancy Part 1 Chapter 5 – Dissolution of a Partnership Firm with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 12th Accountancy – ‘Dissolution of a Partnership Firm’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.
Here, we have provided Free MCQ’s Quiz on Class 12 Accountancy Part 1 – Chapter 5 – Dissolution of a Partnership Firm. The dissolution of a partnership firm is the process of the firm’s partners’ relationship being dissolved or terminated. It involves ceasing to conduct business under the name of the aforementioned partnership entity. All liabilities are finally satisfied in this situation by selling assets or transferring them to a specific partner, resolving all accounts with the partnership firm.
To make you perfect in this topic – Dissolution of a Partnership Firm, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.
Free MCQ’s on Dissolution of a Partnership Firm.
Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.
Free MCQ’s on Dissolution of a Partnership Firm
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#1. In which condition a partnership firm is deemed to be dissolved?
#2. Unrecorded liabilities and paid on the dissolution of a firm is debited to:
#3. Revaluation account is also known as
#4. Change of the existing partners agreement is called for:
#5. Which of the following is transferred to the Account of Realisation:
#6. Upon dissolution, when a partner acquires an unrecorded asset, the following is credited:
#7. When a partner takes over an asset during dissolution, then the ____ is debited.
#8. On the firm's dissolution, the cash balance in the Balance Sheet is shown in which A/c?
#9. Realisation A/c is a ___ A/c.
#10. In the case of dissolution, Assets are transferred to the Realisation Account:
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