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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।

AccountancyAt the time of dissolution of the firm, which of the following accounts is not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, realisation expenses of ₹5,000 paid in cash were debited to a partner’s Capital Account instead of the Realisation Account. What will be the effect on the realisation profit?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, if a partner brings additional capital in cash to meet the firm's liabilities, which account will be credited?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a partnership firm, which item is transferred first to the debit side of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a partner takes over an asset at zero value, what does this indicate?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the main effect of incorrect valuation of assets or liabilities in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, what entry is made in the Realisation Account when a partial amount is received for an asset?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, on selling an asset, on which side of the Realisation Account is the sale proceeds recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an external liability of the firm is waived by the creditor, what effect will it have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, an unrecorded liability of ₹10,000 is discovered and paid in cash. What will be the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyFinal balance is transferred toClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an asset has been recorded at an overstated book value and is realised at its actual value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, how is unearned income (income received in advance) generally treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a partner lends money to the firm, how is the amount recorded in the firm's books?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, how is a loan given by a partner treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a firm, if an asset is mortgaged and the related mortgage loan is repaid from its sale proceeds, what will be the effect on the net amount available to the partners?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf, on dissolution of a partnership firm, a creditor agrees to bear the realisation expenses, which accounting entry will be passed?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyHow is prepaid insurance treated in the Realisation Account on the dissolution of a firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a loss arises in the Realisation Account on dissolution of a firm and the partners have different profit-sharing ratios, on what basis will the loss be transferred to their Capital Accounts?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a partner pays the realisation expenses from personal funds on behalf of the firm, what is the correct effect of the accounting entry?Class 12Dissolution of a Partnership FirmRealisation AccountExpert