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