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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।

AccountancyWhich of the following is not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, to which account is the profit or loss on the Realisation Account transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a partnership firm, machinery is sold for ₹4,000 more than its book value. On which side of the Realisation Account will the sale proceeds from the machinery be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, an unrecorded liability of ₹5,000 is paid. Which account will be debited for this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partner personally paid ₹7,000 of realisation expenses that were to be borne by the firm. What journal entry should be passed?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhen an unrecorded asset is sold on dissolution of a partnership firm, as what type of item is the amount received recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, into which account is the goodwill already recorded in the books transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of the firm, an unrecorded liability of ₹7,600 was paid. What will be the effect of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA partner paid ₹9,000 towards the firm's realisation expenses and was reimbursed by the firm. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded asset is sold for ₹12,500. On which side of the Realisation Account will this transaction be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the firm itself pays realisation expenses of ₹6,500, by what amount will the Realisation Account be affected?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a firm, which of the following is generally not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded liability of ₹8,400 was paid. How will this transaction be shown in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhen a partner takes over a firm’s liability, what is the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, which of the following items is recorded on the credit side of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a firm, on which side of the Realisation Account are external liabilities transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAn unrecorded asset is sold for ₹6,000. Which account will be credited for this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, if a partner takes over an asset, which account is credited?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, if the external liabilities payable are not transferred to the Realisation Account, which account will remain incomplete?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhen an unrecorded liability is paid, which account is debited?Class 12Dissolution of a Partnership FirmClosing the BusinessHard