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6 questions
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Both 2 & 3 correct per NCERT Dissolution of Partnership Firm; matches accountancy concept accurately.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
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