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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।

AccountancyIf all transactions relating to assets and liabilities are correctly recorded in the Realisation Account at the time of dissolution, what will its final balance represent?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the dissolution of a partnership firm, in what form is the closing balance of the Realisation Account treated?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen the Realisation Account considers the possible loss arising from the disposal of assets and settlement of liabilities at dissolution, which accounting principle is primarily reflected?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen a partner brings cash to meet the firm’s liabilities or loss at the time of dissolution, where is this transaction recorded?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, if the total credit side (receipts) and total debit side (payments) of the Realisation Account are equal, what will be the result of the account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, in which account is the amount received from the sale of an unrecorded asset credited?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an unrecorded asset is taken over by a partner at an agreed value, which journal entry is correct?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyUsed for what purposeClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of the firm, what is the result when the Realisation Account shows a surplus (credit balance)?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if the firm’s total assets and external liabilities are equal in amount, the assets are realised at their book value, the liabilities are settled at their book value, and there are no realisation or dissolution expenses, what will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyFinal objective of Realisation AccountClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat does the final balance of a partner’s Capital Account represent at the time of dissolution of the firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an unrecorded liability is paid by the firm at the time of dissolution, which accounting entry is passed?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhich of the following items is recorded on the credit side of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a partnership firm, what is the effect of a loss in the Realisation Account on the partners’ capital accounts?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, in which account is the amount paid to creditors debited?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, what arises when an asset is sold for more than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the primary purpose of preparing a Realisation Account on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen preparing the Realisation Account on dissolution of a firm, which items are transferred to it initially?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a firm, if the amount required to pay the liabilities in full exceeds the amount realised from the assets, what will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert