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Accounting Gain

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, what is the effect of settling a liability for an amount lower than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMediumAccountancyIf a liability with a book value of ₹6,000 is settled for ₹5,000, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasyAccountancyA firm's creditors were owed ₹30,000 and were settled in full for ₹28,000. What is the gain on settlement of the creditors?Class 12Dissolution of a Partnership FirmClosing the BusinessExpertAccountancyAt the time of dissolution, a creditor’s claim of ₹62,000 was settled in full for ₹59,000. What gain did the firm earn from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpertAccountancyOn dissolution of a partnership firm, creditors amounted to ₹39,000 and were settled in full for ₹36,000. What is the gain arising from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpertAccountancyOn dissolution of a partnership firm, a liability of ₹15,000 is settled by paying ₹14,500. What is the gain from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHardAccountancyAt the time of dissolution, a creditor to whom ₹12,000 was payable accepted a payment of ₹11,800. What gain did the firm earn from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessHardAccountancyAt the time of dissolution, a creditor of ₹36,000 was fully settled by paying ₹34,000 in cash and giving goods valued at ₹1,000. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpertAccountancyA liability of a partnership firm amounting to ₹26,000 is settled for ₹25,200. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpertAccountancyIf a liability of ₹25,000 is settled for ₹24,200, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMediumAccountancyAt the time of dissolution of a partnership firm, a liability of ₹22,000 is settled for ₹21,500. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium

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