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