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Asset Takeover

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, if an asset remains unsold and a partner takes it over at a value lower than its book value, where is the resulting loss ultimately transferred?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, what is the accounting treatment if the unsold machinery is taken over by a partner?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen a partner takes over an asset of the firm at dissolution, which accounting entry effect takes place?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an asset remains unsold and a partner takes it over at an agreed value, which journal entry will be passed in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner takes over an asset for personal use, what effect is made on the partner’s Capital Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, if an asset is taken over by a partner instead of being sold to an external party, at what value is it recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution, if a partner takes over an asset of the firm, which account is debited?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a partnership firm, when a partner takes over an asset, what entry is made in that partner’s capital account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhat can generally be done with unsold machinery at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, a partner took over an asset valued at ₹32,000 and a liability of ₹7,000. What will be the net effect on the partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partner took over an asset having a book value of ₹62,000 for ₹70,000. What is the profit arising from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, if all assets are taken over by the partners in their individual accounts instead of being sold to external buyers, how much cash will be realised from the assets?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 AccountancyIf an asset with a book value of ₹75,000 is taken over by a partner for ₹69,000 and the firm bears realisation expenses of ₹1,000, what will be the total effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a partner takes over machinery at an agreed value of ₹12,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf A takes over an asset of ₹24,000 and a liability of ₹6,000, what will be the net effect on A’s Capital Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn asset has a book value of ₹45000, and a partner takes it over at an agreed value of ₹50000. What is the realisation profit arising from this transaction on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a partner takes over the firm’s motor car for ₹48,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the dissolution of a firm, when a partner takes over an asset for personal use, which account is credited with the value of that asset?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a partner takes over a machine with a book value of ₹30,000 for ₹28,000. What will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard