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Accountancy Class 12

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyAt the time of dissolution, if a partner takes over an asset at an agreed value higher than its fair value, whose capital balance will be directly reduced by the entry for the takeover?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyWhen a liability is settled for an amount different from its book value, in what form is the difference recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyAt the time of dissolution, if a partner takes over an asset instead of selling it, on what basis is the asset recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyWhile distributing the loss on realisation among the partners, if one partner’s share of the loss is higher, in which account will it be adjusted?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyOn dissolution of a firm, if an asset is sold partly for cash and partly for non-cash consideration, what should be recorded on the credit side of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyAt the time of dissolution, a liability is settled for an amount lower than its book value. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyAt the time of dissolution, if a partner takes over a firm’s liability, in which account and in what manner is it recorded?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyIn the Realisation Account, if one asset is sold above its book value and another asset is sold below its book value, what is determined?Class 12Dissolution of a Partnership FirmRealisation AccountHardAccountancyAt the time of dissolution, on which side of the Realisation Account are the realisation expenses borne by the firm recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution, if the sale consideration of an asset has not yet been received, how is it treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a partnership firm, among whom is the profit or loss arising from the Realisation Account distributed?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a firm, which accounting purpose does the Realisation Account primarily fulfil?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a firm, unpaid salary due to employees is treated as what?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyWhat is generally the final step in closing the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a firm, if an asset is sold for cash at an amount lower than its book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyOn dissolution of a partnership firm, through which means are the remaining external liabilities generally settled?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution, at what value are assets generally transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the dissolution of a firm, at what value is unsold stock recorded when it is transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyDuring the dissolution of a firm, when the remaining assets are sold for cash, what is the effect on the cash/bank balance?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyDuring the dissolution of a firm, when are the partners’ capital accounts generally closed?Class 12Dissolution of a Partnership FirmRealisation AccountExpert

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