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Accounting Adjustments

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 of a firm, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an unrecorded asset is treated as having zero value and ignored despite having an actual value, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an asset’s book value is higher than its actual realisable value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a contingent liability crystallises and is also paid, but the payment is not recorded in the Realisation Account, what will be the effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of the firm, if an unrecorded asset of a certain amount is sold and an unrecorded liability of the same amount is paid, what will be the net effect on the profit or loss of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, an asset has a book value of ₹80,000 and realises only ₹50,000. What will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an asset has been recorded at an overstated book value and is realised at its actual value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf the transfer of assets and liabilities is recorded correctly but an adjustment in the Realisation Account is made incorrectly, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an asset is given to a partner but its agreed value is not determined or recorded, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyDuring the dissolution of a firm, an unrecorded liability is paid in cash, but the payment is not debited to the Realisation Account. What will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, what will be the effect on the Realisation Account if a partner takes over an asset at a value lower than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIn the Realisation Account, what will be the effect if a liability is settled for an amount higher than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, if the total credit side (receipts) and total debit side (payments) of the Realisation Account are equal, what will be the result of the account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, what is the effect of a loss in the Realisation Account on the partners’ capital accounts?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf loss occurs, what happens?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhen a loss is incurred in the Realisation Account on the dissolution of a partnership firm, what effect does it have on the partners’ capital?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, an unrecorded asset is realised for ₹9,000 and an unrecorded liability of ₹3,000 is paid. What will be the net effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, if the total debit of the Realisation Account is ₹1,18,000 and the total credit is ₹1,24,000, what will be the profit on realisation?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, a creditor accepted ₹9,600 in full settlement of a claim of ₹10,000. What gain will the firm earn from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard