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Class 12 Mcq

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

AccountancyWhat is the best indication for checking correctness of partners' capital accounts on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyA has loan ₹12000 and credit capital balance ₹33000. After paying outside liabilities which amount is paid first?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyIf a partner's capital account is credit and his loan account is also credit then in what order are they paid?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyWhy is it wrong to include insolvent partner's deficiency in realisation loss?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyAccording to the Garner v. Murray rule, A and B have final capitals of ₹50,000 and ₹25,000 respectively. Insolvent C’s deficiency is ₹9,000. How much of this deficiency will A bear?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyUnder Garner vs Murray if capitals are fluctuating then which capital is used for sharing deficiency?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyUnder Garner vs Murray if partners' capitals are fixed then which capital is generally considered for sharing deficiency?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyIf profit ratio is 3:2 and capital ratio is 1:4 then in which ratio will realisation loss be shared?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyThree partners have equal capitals but profit ratio is 2:2:1. On what basis will realisation profit be divided?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyA and B have capitals of ₹40,000 and ₹25,000 respectively. The firm incurred a realisation loss of ₹13,000, which was borne equally by both partners. What will be A’s final capital after realisation?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyWhich order is more appropriate while finding final balance in capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyIf a partner takes over firm's asset then what is the combined effect in realisation and capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyIf a partner takes over firm's liability then what is the combined effect in realisation and capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyIn which situation is a partner's capital account not directly affected by realisation account?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyB's capital is credit ₹48000. Share of accumulated loss is ₹7500 and interest on capital due is ₹2500. What is final balance?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyOn dissolution of a firm, the realisation loss is ₹54,000. If the profit-sharing ratio of the three partners is 4:3:2, what amount of realisation loss will be debited to the second partner’s account?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyWhich is the correct entry for transferring realisation loss?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyWhich is the correct journal entry for transferring realisation profit to capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyC's final credit balance is ₹29000. What is the entry for payment through bank?Class 12Dissolution of a Partnership FirmPartner AccountsMediumAccountancyIf final credit balance is paid to a partner then what is the effect on bank account and capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium

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