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 The surplus remaining after settlement of debts and liabilities of the firm in case of dissolution shall be __________.
  • a)
    Credited to Central Revenue Account of the Government of India 
  • b)
    Credited to Reserve Bank of India 
  • c)
    Distributed among the partner equally 
  • d)
    Distributed among the partner according to their profit sharing ratio
Correct answer is option 'D'. Can you explain this answer?
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The surplus remaining after settlement of debts and liabilities of the...
The surplus remaining after settlement of debts. and liabilities of a firm in case of dissolution is distributed to the partners in their profit sharing ratio. Hence, correct answer is (D) Distributed among the partners according to their profit sharing ratio.
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The surplus remaining after settlement of debts and liabilities of the...
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The surplus remaining after settlement of debts and liabilities of the firm in case of dissolution shall be __________.a)Credited to Central Revenue Account of the Government of Indiab)Credited to Reserve Bank of Indiac)Distributed among the partner equallyd)Distributed among the partner according to their profit sharing ratioCorrect answer is option 'D'. Can you explain this answer?
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The surplus remaining after settlement of debts and liabilities of the firm in case of dissolution shall be __________.a)Credited to Central Revenue Account of the Government of Indiab)Credited to Reserve Bank of Indiac)Distributed among the partner equallyd)Distributed among the partner according to their profit sharing ratioCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The surplus remaining after settlement of debts and liabilities of the firm in case of dissolution shall be __________.a)Credited to Central Revenue Account of the Government of Indiab)Credited to Reserve Bank of Indiac)Distributed among the partner equallyd)Distributed among the partner according to their profit sharing ratioCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The surplus remaining after settlement of debts and liabilities of the firm in case of dissolution shall be __________.a)Credited to Central Revenue Account of the Government of Indiab)Credited to Reserve Bank of Indiac)Distributed among the partner equallyd)Distributed among the partner according to their profit sharing ratioCorrect answer is option 'D'. Can you explain this answer?.
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