On dissolution of a firm, partner's spouse loan account is transferred to:

At the time of dissolution, when creditor accepts an asset whose value is much more than the amount due to him, he will _________ the excess amount which will be credited to _________ account?

Unrecorded liabilities when paid are shown in:

According to section .......... of the Partnership Act, 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.

At the time of dissolution of a partnership firm, the stock appeared in the books was Rs 35,000. One of the partner took over 50% of the stock at 10% less than its book value, and the remaining stock was sold at a gain of 15%. Find the total amount realized from the stock in cash.

Select out of the following that is not considered as one of the modes of reconstitution of a partnership firm.

When both the debts of the firm and private debts of a partner co-exist, the Property of the firm as per Section 49 of the Indian Partnership Act, shall apply:

(A) Payment of debts of the firm first.

(B) The surplus, if any, shall be divided among the partners as per their claims, which can not be utilised for payment of their private liabilities.

(C) The surplus, if any, shall be divided among the partners as per their claims, which can be utilised for payment of their private liabilities.

(D) Payment of private debts of the partners first.

Choose the correct answer from the options given below.