Page 3 - ha diss

11.Dissolution expenses are recorded in the_______ side of Realization

Account:

a) Debit Side

b) Credit Side

c) Both the sides

d) None of these of the above

12.At the time of dissolution of a firm, book value of liabilities is recorded
on the _______side of Realization account:

a) Debit Side

b) Credit Side

c) Both the sides

d) None of these of the above

13.The debit balance of profit and loss account is transfer to debit side of

______ at the time of dissolution of a firm

a) Partner’s Capital Account
B) Realisation Account

C) Cash Account

D) None of the Above

14.Unrecorded liability paid at the time of dissolution is to be debited to

_____account .

A) Partner’s Capital Account

B) Realisation Account

C) Cash Account

D) None of the Above

15.New ratio is not to be calculated on:

a. admission of a partner