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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।

AccountancyDuring the dissolution of a firm, an unrecorded liability is discovered. What accounting treatment should be made to record it in the books?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an unrecorded asset is sold for cash at the time of dissolution, how is it treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring dissolution, after all relevant entries have been recorded in the Realisation Account and its profit or loss has been transferred to the partners’ capital accounts, if the debit and credit totals still do not agree, what does this generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor instead of making a cash payment, but the transaction is not recorded in the books, what will be the main effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if the calculated closing balance of the Realisation Account is incorrect, what does it generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf all errors in the Realisation Account are corrected before the books are closed, what will be the final effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhat will be the effect of recording an item in the Realisation Account when it has no connection with the realisation process?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a firm, a creditor’s liability of ₹20,000 is recorded in the Realisation Account under the name of another creditor, although the amount is correct. What will be the primary effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a partnership firm, if an asset is recorded in the Realisation Account at a value different from its book value, what type of error is this?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor instead of making a cash payment, what will be the accounting effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner pays a firm’s liability from personal funds, what is the correct accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the items in the Realisation Account are totalled incorrectly, what type of error is this?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyRecording a liability as an asset is what type of accounting error?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf all transactions of a firm's dissolution are recorded correctly, but the profit or loss on the Realisation Account is distributed in an incorrect capital ratio instead of the partners' profit-sharing ratio, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, if the assets are overstated above their realisable value while the liabilities are recorded correctly, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an asset taken over by a partner is mistakenly recorded as cash received, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyDuring the dissolution of a firm, an unrecorded liability is paid in cash, but the payment is not debited to the Realisation Account. What will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a partnership firm, if the amount realised from an asset is less than its book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhat is the primary purpose of the Realisation Account at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a known liability is not transferred to the Realisation Account but its payment is recorded in that account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard