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