In case of dissolution of a firm:

(A) The firm ceases to conduct business and has to settle its accounts.

(B) It disposes off all its assets for satisfying all the claims against it.

(C) Rules as provided in Section 104 of the Indian partnership will be applicable.

(D) Rules as provided in Section 48 of the Indian partnership will be applicable.

Choose the correct answer from the options given below:

Mukund's Loan of Rs. 50,000 to the firm, was settled at Rs. 55,000 at the time of firm's dissolution, where Mukund was one of the partner. What entry will be passed ?

Following items appear on the Debit side of Realisation A/C except :

A. Transfer of Assets

B. Payment of liabilities

C. Provisions

D. Realisation expenses

E. Asset taken over by partner

Choose the correct answer from the options given below:

Valuation of goodwill is not done in which of the following case?

When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to:

When a firm is dissolved, the Balance of Investment Account and Balance of Investment Fluctuation Fund Account, shown by Firm's Balance Sheet are transferred into ............... and into ............... respectively:-

Realization profit of 55,980 to be distributed amongst partners is: