Quizz
Authored by nirvair nanda
Arts, Professional Development
12th Grade
Used 1+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Partner loan in liability side of balance sheet
This loan paid by firm
Capital dr
Realisation dr
Partner loan dr
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When machine sold
Bank account will be
Credit
Debit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Stock is taken over by partner
Capital account will be
Debited
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When bank loan is taken over by partner
Capital account will
Debited
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Creditors paid
Realisation will
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Investment sold
Realisation account will
Debit
Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
General reserve will transfer to realisation account
Correct
Incorrect
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