Tag: accounting record at the time of dissolution
Questions Related to accounting record at the time of dissolution
At the time of dissolution of the firm, loan from partners relative is _________ .
On dissolution, all assets are transferred to realization account at ________.
When a firm is dissolved, Goodwill a/c is closed by transferring to:
Provision for bad and doubtful debts appearing in the books at the time of dissolution of firm is transferred to :
On the dissolution of a firm, loan from the wife of a partner is treated as ____________.
Which of the following is not a correct statement?
What journal entry is passed for realising assets to provide cash for payment of liabilities?
Which of these is not a method of accounting treatment of premium on joint life policy?
_________ is the main objective of joint life policy.
All external liability accounts including provisions, if any, are closed by transferring them to the credit of _________ account.