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Accounting Basics

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

AccountancyWhen the total of the credit side of the Realisation Account exceeds the total of its debit side, what does it generally indicate?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat does it mean if all account balances become zero when the firm is closed?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, what type of item is stock?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf the total loss in the Realisation Account is ₹6000 and the partners share profits and losses in the ratio of 1:1, how much loss will be transferred to each partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat does the final balance of a partner’s capital account indicate on the dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, the final payment to partners is determined on the basis of the balance in which account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyDuring the dissolution of a firm, receipts amounted to ₹30,000 and payments amounted to ₹18,000. If the opening cash balance was nil, what will be the closing cash balance?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDuring the dissolution of the firm, what will be the effect on the cash balance when a liability of ₹5,000 is paid?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhich account is used to determine the profit or loss arising from the realisation of assets and settlement of liabilities at the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyTo which account is the final balance of the Realisation Account transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhich account is temporarily prepared at the dissolution of a firm to determine the profit or loss arising from the realisation of assets and settlement of liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf a liability of ₹8,000 is paid in cash, by how much will the cash balance decrease?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat does a credit balance in a partner’s loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyThe total of the credit side of the Revaluation Account is ₹2,10,500, while the total of the debit side is ₹1,98,750. What will be the result of this account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyAt the time of reconstitution, which of the following items is recorded as a loss in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a partner, if the debit total of the Revaluation Account is ₹8000 and the credit total is ₹12500, what will be the balance of the account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of a partner’s admission, if the revaluation loss is debited to the old partners’ capital accounts, what will be its effect on their capital?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIn the new profit-sharing ratio 5:4:3, what will be C’s share of profit?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioMedium AccountancyIn the context of a partnership firm, which statement about goodwill is correct?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhich of the following types of goodwill is generally recorded in the books of account?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy