Question : On firm dissolution, which one of the following accounts should be prepared at the last?

Option 1: Realization account

Option 2: Partner's capital account

Option 3: Partner's loan account

Option 4: Cash account

Question : On firm dissolution, which one of the following accounts should be prepared at the last?

Option 1: Realization account

Option 2: Partner's capital account

Option 3: Partner's loan account

Option 4: Cash account

Question : What is a significant difference between British and Indian accounts of the Revolt of 1857 in terms of their focus?

Option 1: British accounts focus on military strategies, while Indian accounts focus on social impact

Option 2: British accounts emphasize the role of technology, while Indian accounts highlight traditional warfare

Option 3: British accounts portray the revolt as a criminal act, while Indian accounts view it as a struggle for freedom

Option 4: British accounts are more factual, while Indian accounts are more emotional

Question : The pension of a High Court Judge is charge on the

Option 1: Public accounts of India

Option 2: Consolidated Fund of the state

Option 3: Public accounts of the state

Option 4: Consolidated fund of India

Question : On dissolution of a firm, a partner took over Rs.34,000 investments for Rs.28,000. Which one of the following accounts will be debited/credited with how much amount?

Option 1: Partner's Capital Account Debit with 28,000

Option 2: Partner's Capital Account Credit with 34,000

Option 3: Realisation Account Credit with 34,000

Option 4: Realisation Account debited with 34,000