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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।

AccountancyWhat can be the final result of the Realisation Account prepared at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹35,000 was sold for ₹30,000. What is the result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a profit of ₹42,000 is to be distributed equally among three partners. What share of the profit will each partner receive?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an unrecorded asset of the firm was realised for ₹5,000. What will be the accounting effect?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the firm incurred a loss of ₹18,000. If the two partners share profits and losses in the ratio of 1:2, how much of the loss will the second partner bear?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, when stock is transferred to the Realisation Account at its book value, on which side is it recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, a loss of ₹24,000 is incurred. If the partners’ loss-sharing ratio is 1:1:2, what will be the third partner’s share of the loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe book value of a firm's debtors was ₹60000, but only ₹54000 was realised from them at the time of dissolution. What is the loss on debtors?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a machine is sold for ₹42,000 against its book value of ₹50,000 and an expense of ₹2,000 is incurred on its sale, what will be the net effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the only realisation expense is ₹4,200 and there is no other difference, what will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a firm incurred a loss of ₹45,000. If this loss is to be shared between two partners in the ratio 4:5, what will be the second partner’s share of the loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a liability of ₹33,000 was settled for ₹31,900. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAfter dissolution, a profit of ₹49,000 is to be distributed between the partners in the ratio 6:1. What will be the smaller partner’s share of the profit?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a firm, in which ratio is the reserve fund distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn the dissolution of a partnership firm, a loss of ₹50,000 is to be borne by the partners in their profit-sharing ratio of 2:3:5. What amount of loss will be debited to the second partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn the dissolution of a partnership firm, a realisation profit of ₹30,000 is earned. If the partners share profits in the ratio 3:2:1, what amount will be transferred to the first partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹85,000 was sold for ₹79,000, and ₹2,000 was incurred as selling expense. What is the total loss on realization of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyTo which account is the final profit of the Realisation Account transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA and B share profits in the ratio 4:1. On dissolution of the firm, the Realisation Account shows a loss of ₹35000. What is B’s share of this loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a firm, which journal entry is passed to remove external liabilities from the books?Class 12Dissolution of a Partnership FirmClosing the BusinessHard