When a firm is dissolved, project or loss on realization is shared by the partner’s in their ------------- ratio

Related MCQs

• Loss of realization is borne by the partners in their ------ ratio
• A partnership which can be dissolved at any time by giving notice to other partners is known as ------------------
• ---------------- of the Indian Partnership Act, 1932 states that when the partnership between all the partners of a firm comes to an end, it is called dissolution of the firm
• Realization account is closed by transfer of profit/loss to
• In the event of dissolution of firm the partners personal assets are first used for payment of -------------- liabilities
• When the relation of partnership among different partners changes without affecting the entity of the firm it is called------
• Realization account is a ---------- account
• On dissolution, all assets excepting cash are transferred to the ---------- side of realization account
• Goodwill appearing in the balance sheet at Rs. 10,000 proved to be valueless, is not to be recorded on the ------------------ side of realization account
• On dissolution, all assets except cash are transferred to ----------- of realization account