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Asset Sale

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 firm, in which account is the cash received from the sale of assets credited?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyIf an asset is sold for more than its book value, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution of a partnership firm, what is the effect of selling an asset below its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhich of the following transactions is recorded in the Realisation Account at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyIn the Realisation Account, what is the result when an asset is sold for more than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a partnership firm, on which side of the Realisation Account is cash received from the sale of assets recorded?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution, what does the difference recorded in the Realisation Account represent when an asset is sold for less than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution of a partnership firm, if an asset is sold below its book value, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhere is cash receipt recorded?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution of a partnership firm, what is the result of selling an asset for ₹8,000 more than its book value?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹35,000 was sold for ₹30,000. What is the result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhich of the following is not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the book value of a partnership firm’s machinery was ₹90,000. If it was sold for ₹95,000, what profit should be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a partnership firm, an asset with a book value of ₹78,000 was sold for ₹85,000, and selling expenses of ₹2,000 were incurred. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the machinery had a book value of ₹96,000 and was sold for ₹1,08,000. What profit should be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, an asset has a book value of ₹80,000 and is sold for ₹90,000. What profit will be recorded in the Realisation Account on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets with a book value of ₹90,000 were sold for ₹98,000. What is the realisation profit on the sale of the assets?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring the dissolution of a firm, an asset had a book value of ₹95000 and was sold for ₹102000. If no selling expenses were incurred, what is the profit on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a firm, an asset had a book value of ₹72000. It was sold for ₹78000, and selling expenses of ₹1500 were paid. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹60,000 was sold for ₹54,000, and realisation expenses of ₹1,000 were paid. What will be the net result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert