Page 5 - ha diss

d. none of the above

21. on dissolution of a firm Cash in hand appearing in the balance sheet
transfer to :

a. capital account of partners

b. cash account

c. debit side of realization account

d. credit side of realization account

22. on dissolution of a firm General Reserve appearing in the balance
sheet transfer to:

a. Capital account of partners

b. Cash account

c. debit side of realization account

d. credit side of realization account

23. amit and bhuvan are partners on the date of the dissolution of the
firm amit loan was 15000 and mrs bhuvan loan was 28000.payment will

be made first to:

a. amits loan

b. mrs. Bhuvan

c. both in ratio loan

d. both in profit ratio of amit and bhuvan

24. At the time of dissolution which account is prepared?

a) Realisation account

b) Loan Account

c) Cash Account

d) All the above