8-Profit or loss on realization should be divided among partners in the

Discount on issue of debentures is classified as :

7-unrecorded liability when paid on dissolution of a firm is debited to

As a purchase consideration of a machinery of Rs 720000, debentures of Rs 100 each were issued at a premium of Rs 25 by company. The number of debentures issued by company is:

Unrecorded Liabilities when paid are debited to-

2- A firm is unable to pay its debts when

Premium on redemption of debentures account is :

6-unrecorded asserts realized at the time of realization is credited to-

Debentures can not be redeemed:

9-General reserve appearing at the time of dissolution is transferred to

5-at the time of dissolution of firm, assets taken over by partner should be

Debentures which do not carry any specific rate of interest are know as:

Discount/loss on issue of debentures should be written off:

The discount on issue of debentures is :

4-when the realsation expenses are to borne by a partner. It is credited to-

3-realization account is a