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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 does the balance of the Realisation Account represent?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhy is the cash balance not transferred to the Realisation Account at the time of dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the process called when a partnership firm’s business is completely closed and the firm ceases to exist?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the debit side of the Realisation Account exceeds its credit side, what will be the result?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, to which account are all real assets transferred, except cash and bank balances?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyFor what purpose is the Realisation Account prepared at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the total loss on realisation is ₹54,000 and the three partners share profits and losses in the ratio 5:4:3, how much loss will be borne by the second partner?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a firm, which items are generally recorded on the debit side of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, in which account is the available cash balance generally shown?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, an unrecorded liability of ₹5,200 is discovered and paid in cash. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution, after paying all realization expenses and external liabilities but immediately before distribution among partners, what does the balance of the Cash Account represent?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe Realisation Account shows a profit of ₹24,000. If the three partners share profits in the ratio 4:3:1, how much will be credited to the third partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, A and B share profits in the ratio 3:2. The firm incurred a realisation loss of ₹25,000. What will be A’s share of this loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyPartners A, B and C share profits in the ratio 2:2:1. What will be C’s share in the profit of ₹15,000 to be distributed before the firm is closed?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, an asset had a book value of ₹45,000 and was sold for ₹42,000. What is the result of this disposal?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, which action should be completed before distributing cash to the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyA debtor was expected to pay ₹12,000, but only ₹11,400 was received. What is the deficiency in recovery?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen all the liabilities of a firm have been paid and the balances of the partners’ capital accounts become zero, what is considered to have occurred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, a liability of ₹4,400 that had not been recorded in the books earlier was paid. What type of liability is this called?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyTo which account is the profit on realisation transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium