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Hindi Question Hindi Options English Question English Options Answers Marks Category Manage
Hindi Question Hindi Options English Question English Options Answers Marks Category Manage

Option1:
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At the time of dissolution of the firm, loan from partner is _______
Option1: transferred to Realisation Account
Option2: not transferred to Realisation Account
Option3: Transferred to the Partners capital Account
Option4: None of these
option2 4 ACCOUNTS Edit Delete

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Features of a partnership firm are
Option1: Two or more person are carrying common business under an agreement
Option2: They are sharing profit and losses in the fixed ratio
Option3: Business is carried by all or any of them acting for all as an agent
Option4: All of the above
option4 4 ACCOUNTS Edit Delete

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When a firm is dissolved, Goodwill a/c is closed by transferring to:
Option1: Capital account of the partner
Option2: Revaluation Account
Option3: Realisation Account
Option4: Profit & Loss Account
option3 4 ACCOUNTS Edit Delete

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Voluntary winding up comes under _____
Option1: section 433
Option2: section 484- 521
Option3: section 428
Option4: section 473
option2 4 ACCOUNTS Edit Delete

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Which of the following are true or false? (a) Dissolution of a firm is a wider concept (b) It includes dissolution of the partnership also
Option1: Both (a) and (b) are true
Option2: Both (a) and (b) are false
Option3: (a) is true, but (b) is false
Option4: (a) is false, but (b) is true
option1 4 ACCOUNTS Edit Delete

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L, M, N and O are equal partners. L,M and O die together. This accident results in:
Option1: Dissolution of partnership
Option2: Dissolution of firm
Option3: Dissolution of firm as well as dissolution of partnership
Option4: Neither dissolution of firm nor dissolution of partnership
option3 4 ACCOUNTS Edit Delete

Option1:
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Select the most appropriate alternative from those given below: Drawing account is cloased by transferring the balance to the _____ account
Option1: Drawing
Option2: Liabilities
Option3: Assets
Option4: Capital
option4 4 ACCOUNTS Edit Delete

Option1:
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Which of the following is not a correct statement?
Option1: The terms capitalisation factors and multipliers are not synonymous terms
Option2: Divisible profit do not includes profit on revaluation of assets
Option3: Managerial remuneration is to be calculated before providing for taxation
Option4: A company may purchase its own debentures
option1 4 ACCOUNTS Edit Delete

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According to the Partnership Act, which of this statement about the dissolution of the partnership is true
Option1: Dissolution of partnership is called dissolution of the firm
Option2: Dissolution between the two partners is called the dissolution of the firm
Option3: On the completion of the ventures of the firm is called the dissolution of the firm
Option4: Dissolution between all the partners of a firm is called dissolution of the firm
option4 4 ACCOUNTS Edit Delete

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On sale of the goodwill after dissolution which of the following rights are available to the seller of the goodwill?
Option1: To advertise his business
Option2: To use his firms name
Option3: To represent himself as carrying on the business of the firm
Option4: To Solicit customer from those dealing with the firm
option1 4 ACCOUNTS Edit Delete