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

Related MCQs

• Realization account Dr. To partner’s capital a/c; this entry is recorded when
• On dissolution, all assets excepting cash are transferred to the ---------- side of realization account
• Realization account is a ---------- account
• In the case of dissolution of the firm , the account opened for closing various items in the balance sheet is called ----------------
• On dissolution, all assets except cash are transferred to ----------- of realization account
• If a partner takes over some assets for value on dissolution, realization account should be -----------
• Realization account is closed by transfer of profit/loss to
• Realization account Dr. To asset a/c, this entry is written
• Valuation balance sheet is prepared by ………………… business
• A …………. Company required to prepare its balance sheet according To form A in the III schedule of the Banking Regulation Act