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Accounting Treatment

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

AccountancyAn unrecorded asset with an agreed value of ₹9,000 is taken over by a partner. What effect will this transaction have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf, on dissolution of a partnership firm, only a realisation expense of ₹3,500 is recorded in the Realisation Account and there are no other items or adjustments, what will be the result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhat is the primary purpose of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a firm, which of the following payments is not treated as a realisation expense?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, if an unrecorded liability of ₹3,000 is paid, what type of item is it considered?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partner pays the realisation expenses from personal funds and does not claim reimbursement from the firm, which entry will be passed in the firm’s books?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, the firm paid realisation expenses of ₹1,500. Which account will be debited for this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a firm, to whose accounts and in what ratio is the balance of the General Reserve transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyHow is goodwill recorded in the books generally treated at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn the dissolution of a partnership firm, what is a debit balance in the Realisation Account called?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, if an asset is abandoned without any consideration, what will be its effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhy is it considered fair to give a deceased partner a share of the profit earned up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf interest is payable according to the partnership deed, how is the interest accrued on the deceased partner’s capital up to the date of death treated in the amount due to the partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhich statement is correct regarding a deceased partner’s share of profit in a partnership firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen a partner’s loan account is paid in cash, which sides of the balance sheet are affected?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAfter retirement, who benefits from the interest credited on a retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhat is the accounting effect when the firm pays the amount due in a retiring partner’s loan account through the bank?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAt the time of admission of a new partner, if separate investments equal in value to the Reserve Fund are present in the books, what is the correct accounting treatment?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Investment Fluctuation Reserve has a balance of ₹10,000, while the fall in the value of investments is ₹14,000. What will be the accounting treatment of the excess ₹4,000?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe book value of furniture is ₹1,35,000, and it is to be reduced by 12%. What amount will be debited to the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert