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Accounting Concepts

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

AccountancyIf a liability is settled for an amount lower than its book value, what is the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhat is the primary purpose of preparing a Realisation Account at the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhat does the balance of the Realisation Account indicate?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhat is the primary purpose of preparing a Realisation Account at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyIn which situation will a realisation loss not arise on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe Realisation Account is used to determine which type of profit or loss?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAfter settling liabilities and realizing assets, in which of the following situations will a loss arise in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIn which of the following situations will no profit on realisation arise?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen interest on a partner’s loan becomes due before it is paid, on the basis of which accounting concept is it recognised?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAt the time of admission of a partner, which item is generally recorded on the debit side of the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe partnership deed states that partners will not charge their personal expenses to the firm. This provision exemplifies which accounting concept?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the firm has insufficient profit and the partnership deed treats salaries and interest on capital as appropriations, the total appropriation cannot exceed what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium