Balance of realization A/c is transferred to the capital A/c of the partners in:

Related MCQs

• Loss on realization is distributed among partners:
• At the time of dissolution all the assets of firm are transferred to the realization A/c:
• Capital of the partners are maintained by:
• The balance of branch adjustment account is transferred to _________ account
• After the issue of forfeited shares, balance of forfeited shares account Is transferred to
• On the retirement of a partner any reserve being should be transferred to the capital account of:
• Which of the following accounts can be transferred to capital redemption reserve account?
• If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?