ACCOUNTANCY AIL

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Across
  1. 1. When realisation expenses are paid by the firm on behalf of the partner which account is debited.
  2. 2. Which Section of Partnership Act defines Dissolution of Partnership firm.
  3. 4. On dissolution, if a partner pays the firm's liability, Realisation A/c is __.(debited or credited)
  4. 9. When a firm becomes unlawful, this mode of dissolution takes place.
  5. 12. I am transferred to the debit side of the capital A/c instead of the realisation A/c on Dissolution.
Down
  1. 1. Debts owed by a partner to any other person
  2. 3. The account prepared to close the books of account of the dissolved firm.
  3. 5. ____ balance sheet is used to ascertain sundry assets when other liabilities and partners capitals is given.
  4. 6. When a partner is guilty of misconduct, dissolution by __ takes place.
  5. 7. All assets inclusive of cash is transferred to Realisation Account(State right or wrong)
  6. 8. When an unrecorded asset is taken by partners, it is _ to Realisation account(Fill in the Blank)
  7. 10. Which section of Indian Partnership Act deals with settlement of accounts when the firm is dissolved.
  8. 11. When an unrecorded asset is realised at the time of dissolution of the firm, __ account is is debited to realisation Account.