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Class 12 Accountancy

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

AccountancyWhich account is prepared on dissolution of a partnership firm to ascertain the profit or loss arising from the sale of assets and settlement of external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn what basis is profit on realisation determined?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, in which account is the settlement of external liabilities recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium 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 AccountancyAt the time of dissolution, which ratio is mainly used to distribute the profit or loss arising from realisation?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, to which side of the Realisation Account are external liabilities transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a liability of ₹8,000 is settled for ₹8,500. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen a bank loan is paid off at the time of dissolution, which account is debited?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf an asset has a book value of ₹10,000 and is sold for ₹13,000, what is the difference of ₹3,000 called?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhy is the deceased partner credited with a share of goodwill at the time of reconstitution?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA partnership firm’s estimated annual profit is ₹20,40,000. A partner dies 2 months after the beginning of the financial year. If the partner’s profit-sharing ratio is 1:1, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after 8 months of the financial year. If the firm’s estimated annual profit is ₹5,88,000 and profit accrues evenly throughout the year, what will be the estimated profit of the firm up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s estimated annual profit is ₹14,64,000. According to the partnership deed, the deceased partner’s profit-sharing ratio is 1/4. If the partner died 3 months after the beginning of the accounting year, what amount represents the partner’s share of profit up to the date of death? Assume that profit is earned evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner died after 8 months of the financial year. If the estimated annual profit is ₹2,76,000 and profit is earned at a uniform rate throughout the year, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe amount due to a deceased partner but not paid immediately is generally transferred to which account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA partner died after completing 8 months of the financial year. If the firm's estimated annual profit is ₹3,72,000 and profit accrues evenly throughout the year, what is the deceased partner's proportionate share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the significance of the date of death when determining a deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyFind the amount due to the deceased partner if the partner’s capital is ₹70,000 and the share in the reserve fund is ₹8,000.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyA partner’s loan account carries interest at 4.25% per annum on ₹4,00,000. What will be the interest for one year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert