ACCOUNTANCY AIL

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Across
  1. 3. Which Section of Partnership Act defines Dissolution of Partnership firm.
  2. 7. When an unrecorded asset is realised at the time of dissolution of the firm, __ account is is debited to realisation Account.
  3. 8. If realised amount of an asset is not given, it should be taken as __.
  4. 9. Partner's loan will be __to Bank A/c on dissolution.
  5. 11. The account prepared to close the books of account of the dissolved firm.
  6. 13. I am an asset transferred to the partner's capital accounts instead of realisation account
  7. 14. Credit balance in Realisation A/c.
  8. 15. ____ balance sheet is used to ascertain sundry assets when other liabilities and partners capitals is given.
Down
  1. 1. When realisation expenses are paid by the firm on behalf of the partner which account is debited.
  2. 2. On dissolution, if a partner pays the firm's liability, Realisation A/c is __.(debited or credited)
  3. 4. When a partner is guilty of misconduct, dissolution by __ takes place.
  4. 5. Which section of Indian Partnership Act deals with settlement of accounts when the firm is dissolved.
  5. 6. When a firm becomes unlawful, this mode of dissolution takes place.
  6. 10. Debts owed by a partner to any other person
  7. 12. When an unrecorded asset is taken by partners, it is _ to Realisation account(Fill in the Blank)