CBSE Class 12 Dissolution of a Partnership Firm Multiple Choice Questions with Answers. MCQ Questions Class 12 Dissolution of a Partnership Firm with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Dissolution of a Partnership Firm with Answers to know their preparation level.
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MCQ Questions Class 12 Dissolution of a Partnership Firm with Answers - Set - 2
Question 1:
Realisation expenses are debited to ________.
(a) bankA/c
(b) realisation A/c
(c) revaluation A/c
(d) partners’ capital A/c
Correct Answer – (B)
Question 2:
After settlement of dissolving firm, bank account may have _______________ balance.
(a) debit
(b) credit
(c) overdraft
(d) nil.
Correct Answer – (D)
Question 3:
At the time of dissolution of firm, goodwill account is closed by transferring it to ________ account.
(a) realisation
(b) partners loan
(c) partners capital
(d) bank
Correct Answer – (A)
Question 4:
When a partner agrees to receive the sum due to him in lump sum, ___________ account is debited.
(a) realisation
(b) concerned partners’ capital
(c) bank
(d) none of the above
Correct Answer – (B)
Question 5:
Unrecorded liability will be ________ to realisation account when paid.
(a) debited
(b) debited and credited both
(c) credited
(d) paid
Correct Answer – (A)
MCQ Questions Class 12 Dissolution of a Partnership Firm With Answers
Question 6:
On dissolution of a partnership firm, over draft will be transferred to ____________ .
(a) bankA/c
(b) cashA/c
(c) realisation A/c
(d) either realisation account or bank account
Correct Answer – (D)
Question 7:
On dissolution, balance of partner’s capital account will be transferred to _______________________ account.
(a) realisation
(b) revaluation
(c) bank
(d) loan.
Correct Answer – (C)
Question 8:
At the time of dissolution of a firm, all assets and liabilities will be transferred to realisation account at ______________ values.
(a) book
(b) market
(c) cost
(d) realised.
Correct Answer – (A)
Question 9:
Goodwill already appearing in the balance sheet of the firm will be transferred on the _________________ side of account.
(a) debit, capital
(b) debit, realisation
(c) debit, bank
(d) credit, bank
Correct Answer – (B)
Question 10:
Unrecorded assets taken over any creditor will ______.
(a) be debited to realisation account
(b) be debited and credited both to realisation account
(c) be credited to realisation account
(d) not be recorded anywhere.
