Question : At the time of the dissolution of the partnership firm. The amount of the Employees Provident Fund shown on the liabilities side of the balance sheet is transferred to

Option 1: Cash account

Option 2: partner's capital account

Option 3: realization account

Option 4: None of the above

Question : On dissolution of a partnership firm, the amount received from the sale of assets is debited to

Option 1: Realization account

Option 2: Cash account

Option 3: Partner's capital account 

Option 4: None of the above

Question : On dissolution of a partnership firm, the amount received from the sale of assets is debited to

Option 1: Realization account

Option 2: Cash account

Option 3: Partner's capital account 

Option 4: None of the above

Question : In case of dissolution of a partnership firm, what will be the treatment of investment fluctuation Reserve if the value of investment is not given in the assets side of the balance sheet?

Option 1: Transferred to debit side of realization account.

Option 2: Transferred to credit side of realization account

Option 3: Distributed among the partners.

Option 4: none of the above

Question : On the firm's dissolution, on the realization of goodwill (which was shown in the Balance Sheet) will be debited to:

Option 1: Cash A/c

Option 2: Goodwill account

Option 3: Realization account

Option 4: None of the above