Partnership

Dissolution

Medium

common

In case of dissolution of a firm, the partners loan A/c is transfer to ________

Realisation A/c

Partner's Capital A/c

Bank A/c

Revaluation A/c

✅ Correct Option: 3

A partner's loan is not an outside liability and is never transferred to Realisation A/c. It is settled separately after outside liabilities are paid, by the entry Partner's Loan A/c Dr., To Bank A/c, so the account is closed through Bank A/c.

2025: 30 May Shift 1

All assets (except cash/bank and fictitious assets) are transferred to the__________ side of __________Account.

2026: 6 June Shift 1

Match List-I with List-II

List-I	List-II
(A) Partner pays the dissolution expenses and firm agrees to reimburse	(I) Debit Realisation Account and Credit Bank/Cash Account
(B) Partner bears the dissolution expenses on his own	(II) Excess shall be borne by the partner
(C) Firm bears the dissolution expenses	(III) No entry
(D) Firm has given the fixed sum to a partner for bearing dissolution expenses irrespective of actual amount	(IV) Debit Realisation Account and Credit Partner's Capital Account

Choose the correct answer from the options given below:

2025: 3 June Shift 1

Match List-I with List-II

List–I (Events)	List–II (Result)
(A) Termination of business.	(I) Not possible in dissolution of partnership.
(B) Continuation of Business	(II) Not possible in the dissolution of a firm.
(C) Intervention of court.	(III) Dissolution of firm
(D) Continuation of books of accounts.	(IV) Dissolution of partnership.

Choose the correct answer from the options given below:

2026: 29 May Shift 2

On dissolution of the firm, Partners Capital Account are closed through:

2025: 22 May Shift 1

When a firm is dissolved with the consent of all the partners, it is called:

2025: 4 June Shift 2

A partnership is not dissolved when:-

In case of dissolution of a firm, the partners loan A/c is transfer to ________

Solution

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