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Accounting Entries

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, on which side of the Realisation Account is cash received from the sale of assets recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf an asset is sold for ₹9,000, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDissolution expenses are generally recorded in which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf stock is sold for ₹5,000, what amount will be credited to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn which side of the Realisation Account are external liabilities recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution, if an asset is sold for ₹10,000, what amount will be credited to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDissolution expenses are generally debited to which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyThe outstanding balance in a retired partner’s loan account is increasing over time. What is the most likely reason?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAfter a partner's retirement, which of the following increases the balance of the partner's loan account when added to it?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAn amount of ₹1,20,000 payable to a retiring partner is transferred to the partner’s loan account. Which accounting element will increase due to this entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyThe book value of office furniture is ₹72,000, and its value is to be reduced by 20%. What amount will be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn which situation is no entry made in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, a loan is reduced from ₹36,000 to ₹33,000. What effect will be recorded in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhen the old partners withdraw the amount of goodwill premium, on which side will the old partners’ capital accounts be recorded?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf ₹30,000 is received in cash from the incoming partner as premium for goodwill and the old partners immediately withdraw it, what will be the net effect on the bank balance?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyGoods damaged amounting to Rs 3,500 is recoverable from a partner. How will this be recorded in the partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyB paid Rs 11,000 from personal cash for repair of the firm's machine. What will be the effect on B's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyThe firm paid Rs 12,000 as partner B's personal school fees. What will be the effect on B's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf the firm paid A's personal income-tax liability of ₹13,000, how should this be accounted for in the books of the firm?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf A took firm's goods for personal use valued at Rs 7,500, what is the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium