Download App

P1 C7 DISSOLUTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C7 DISSOLUTION OF PARTNERSHIP1 Mark
MCQ
Which type of account is realisation account?
  • A
    Personal
  • ✓
    Real
  • C
    Nominal
  • D
    Suspense
✓

Answer

Correct option: B.
Real

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P1 C7 DISSOLUTION OF PARTNERSHIP→P1 C7 DISSOLUTION OF PARTNERSHIP — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

When a company purchases any business and shares are issued for consideration then, if the value of issued shares is less than the net assets of the business, the amount of difference is transferred to which account ?
→
At the time of reconstitution of a partnership firm, at which value is all the assets shown in the balance sheet after the revaluation ?
→
‘Goodwill’ is which type of asset ?
→
Shareholders funds and non-current liabilities are related with
→
Where is the worker profit sharing fund shown in balance sheet at the time of the reconstruction of a partnership firm ?
→
$..........$ information is disclosed by efficiency analysis.
→
At the time of retirement of a partner, credit balance of profit and loss account shown in balance sheet is shown in$........$
→
What is included in long-term borrowings from the following ?
→
Which of the following ratios is revenue based profitability ratio?
→
A partner withdrawns $₹ 600$ at the end of every month. What will be the interest on drawings, if the interest on drawings is $8 \%$ p.a. ?
→