Question : Identify the assets which is not transferred to Realisation A/c from the following:
Option 1: Bills receivable
Option 2: Cash in hand/bank
Option 3: Goodwill
Option 4: Prepaid expenses

Question

Question : All assets except ——- are transferred to realisation A/c at the time of dissolution.
Option 1: Cash in hand
Option 2: Bank balance
Option 3: Cash, bank balance and fictitious asset
Option 4: Fictitious assets

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Answer 1

Correct Answer: Cash in hand/bank

Solution : Cash balance is recorded in the Cash/Bank A/c as the opening balance. Hence, the correct option is 2.

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Question : Identify the assets which is not transferred to Realisation A/c from the following:Option 1: Bills receivableOption 2: Cash in hand/bankOption 3: GoodwillOption 4: Prepaid expenses

Related Questions

Question : All assets except ——- are transferred to realisation A/c at the time of dissolution.Option 1: Cash in handOption 2: Bank balanceOption 3: Cash, bank balance and fictitious assetOption 4: Fictitious assets

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Question : Identify the assets which is not transferred to Realisation A/c from the following:
Option 1: Bills receivable
Option 2: Cash in hand/bank
Option 3: Goodwill
Option 4: Prepaid expenses

Question : All assets except ——- are transferred to realisation A/c at the time of dissolution.
Option 1: Cash in hand
Option 2: Bank balance
Option 3: Cash, bank balance and fictitious asset
Option 4: Fictitious assets

Question : Which of the following is not covered under the current assets?
Option 1: Bank
Option 2: Debtor
Option 3: Bills receivable
Option 4: Goodwill

Question : Which of the following do not included in the "Liquid Assets"?
Option 1: Bank Balance
Option 2: Inventory
Option 3: Debtors
Option 4: Bills Receivable

Question : Which of the following is not included in the quick asset?
Option 1: Cash in hand
Option 2: Trade Receivables
Option 3: Marketable Securities
Option 4: Prepaid Expenses

Question : Quick assets do not include

Option 1: Trade receivable
Option 2: Cash balance
Option 3: Inventories and prepaid expenses
Option 4: Marketable securities