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 - 3
Question 1:
On taking responsibility of payment of realisation expenses by a partner, the account credited will be :
(a) Realisastion Account
(b) Cash Account
(c) Capital Account of the Partner
(d) None of the above
Correct Answer – (C)
Question 2:
At the time of dissolution of partnership firm, fictitions assets are transferred to :
(a) Capital Accounts of Partners
(b) Realisation Account
(c) Cash Account
(d) Partners’ Loan Account
Correct Answer – (A)
Question 3:
At the dime of firm’s dissolution, Balance of General Reserve shown in the Balance Sheet is credited to :
(a) Realisation Account
(b) Creditors’ Account
(c) Partners’ Capital Accounts
(d) Profit & Loss Account
Correct Answer – (C)
Question 4:
In the event of dissolution of partnership firm, the provision for doubtful debts is transferred to :
(a) Realisation Account
(b) Partners’ Capital Accounts
(c) Sundry Debtors Account
(d) None of the above
Correct Answer – (A)
Question 5:
Accumulated losses and reserves are transferred to debit of ________ A/c.
(a) revaluation
(b) partners’capital A/c
(c) realisation
(d) bank
Correct Answer – (B)
MCQ Questions Class 12 Dissolution of a Partnership Firm With Answers
Question 6:
On dissolution of a firm, a partner paid 1,500 Rs. for firm’s realisation expenses. Which account will be debited ?
(a) Cash Account
(b) Realisation Account
(c) Capital Account of the Partner
(d) Profit & Loss A/c
Correct Answer – (B)
Question 7:
On dissolution, goodwill account is transferred to :
(a) In the Capital Accounts of Partners
(b) In the Credit of Cash Accounts
(c) In the Debit of Realisation Account
(d) In the Credit of Realisation Account
Correct Answer – (C)
Question 8:
On dissolution, if a partner undertakes to make payment of a liability of the firm, the account to be debited is:
(a) profit & Loss Account
(b) Realisation Account
(c) Partner’s Capital Account
(d) Cash Account
Correct Answer – (B)
Question 9:
Anu, Bina and Charan are partners. The firm had given a loan of ₹ 20,000 to Bina. They decided to dissolve the firm. In the event of dissolution, the loan will be settled by
(a) transferring it to debit side of Realisation account.
(b) transferring it to credit side of Realisation account.
(c) transferring it to debit side of Bina’s capital account.
(d) Bina paying Anu and Charan privately.
Correct Answer – (C)
Question 10:
Accumulated profits are transferred to credit of _______.
(a) revaluation A/c
(b) partners’capital A;c
(c) realisation Ac
(d) bankA/c
