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.
Students who are searching for NCERT MCQ Questions Class 12 Dissolution of a Partnership Firm with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Dissolution of a Partnership Firm with Answers. You can also verify your answers from the provided MCQ Class 12 Dissolution of a Partnership Firm with Answers. So, ace up your preparation with MCQ of Class 12 Accountancy Examinations.
MCQ Questions Class 12 Dissolution of a Partnership Firm with Answers - Set - 1
Question 1:
Revaluation account can be prepared __________________ time(s) in the firm.
(a) many
(b) one
(c) two
(d) three
Correct Answer – (A)
Question 2:
After the dissolution of firm, business of the firm will automatically ______.
(a) continued
(b) closed
(c) extended
(d) None of these
Correct Answer – (B)
Question 3:
At the time of dissolution of partnership firm, balance of cash and bank will be transferred to _____ account.
(a) realisation
(b) revaluation
(c) bank
(d) capital
Correct Answer – (C)
Question 4:
At the time of dissolution of a partnership firm, all assets (except fictitious) are transferred to _______ account.
(a) realisation
(b) revaluation
(c) capital
(d) loan.
Correct Answer – (A)
Question 5:
Realisation account is a ________ account.
(a) real
(b) personal
(c) nominal
(d) cash.
Correct Answer – (C)
MCQ Questions Class 12 Dissolution of a Partnership Firm With Answers
Question 6:
Realisation account can be prepared _______ in the life of firm.
(a) many
(b) once
(c) two
(d) three
Correct Answer – (B)
Question 7:
At the time of dissolution of partnership firm _______ account is prepared.
(a) realisation
(b) partners capital
(c) bank
(d) All of these
Correct Answer – (D)
Question 8:
At the time of dissolution, partner’s loan account is closed by _______.
(a) transferring in realisation
(b) payment
(c) abolished
(d) none of these.
Correct Answer – (B)
Question 9:
At the time of dissolution of a partnership firm ___________ account is prepared.
(a) revaluation
(b) realisation
(c) profit & loss
(d) trading
Correct Answer – (B)
Question 10:
Revaluation account and reaLisation account are _______ accounts.
(a) same
(b) opposite
(c) different
(d) real
