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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।

AccountancyOn dissolution of a partnership firm, which item is transferred first to the debit side of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, what entry is made in the Realisation Account when a partial amount is received for an asset?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, on selling an asset, on which side of the Realisation Account is the sale proceeds recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an external liability of the firm is waived by the creditor, what effect will it have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, an unrecorded liability of ₹10,000 is discovered and paid in cash. What will be the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyFinal balance is transferred toClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf, on dissolution of a partnership firm, a creditor agrees to bear the realisation expenses, which accounting entry will be passed?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a partner takes over an unsold asset of the firm at an agreed value, what will be the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a loss arises in the Realisation Account on dissolution of a firm and the partners have different profit-sharing ratios, on what basis will the loss be transferred to their Capital Accounts?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a creditor takes over an asset of the firm in settlement of the creditor’s claim, what will be the accounting effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a partner pays the realisation expenses from personal funds on behalf of the firm, what is the correct effect of the accounting entry?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an unrecorded asset is sold for cash at the time of dissolution, how is it treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a partner takes over an unrecorded asset but the transaction is omitted from the books, what will be the main effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the profit or loss on realisation is calculated incorrectly, what will be directly affected at the time of dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyDuring the dissolution of a firm, an external liability has already been transferred to the Realisation Account. If the entry for its partial cash payment is not recorded, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner pays a firm’s liability from personal funds, what is the correct accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, when the firm’s non-cash assets are sold for cash, how is the sale proceeds recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen a partner brings cash to meet the firm’s liabilities or loss at the time of dissolution, where is this transaction recorded?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, in which account is the amount received from the sale of an unrecorded asset credited?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a firm, if an asset is taken over by a creditor at an agreed value, what is the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert