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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।

AccountancyOn dissolution, when is a partner's loan account kept separate from his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf capital accounts are maintained under fixed capital method, where is the current account balance transferred on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyWhich main account is prepared before closing partners' capital accounts on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyAfter transferring the final balance of Realisation Account to capital accounts what balance should remain in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyA liability of ₹30000 appears in books. Creditor accepted ₹26000 in final settlement and allowed ₹1000 discount on cash payment. What amount is debited as payment in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt dissolution stock is ₹40000. 60 percent stock sold for ₹30000 and remaining taken over by a partner for ₹12500. What total credit appears in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyPrepaid insurance of ₹8000 existed at dissolution and it expired worthless. What is its treatment in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAn unrecorded investment was sold for ₹14000 and an unrecorded claim was paid for ₹9000. What is the net effect on realisation result?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAssets were ₹150000 and realised ₹164000. Liabilities were ₹55000 and paid at ₹59000. What is the result of Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution, total assets at book value ₹220,000 were sold for ₹185,000. External liabilities of ₹75,000 were settled for ₹68,000. Realisation expenses were ₹4,000. What is the realisation result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyThrough which account is sale proceeds of an asset recorded in Realisation Account when cash is received?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf a partner takes over creditors of ₹35000 then which entry is correct in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyA machine was taken over by a partner for ₹45000 and he also accepted related repair liability of ₹5000. What is the credit amount for machine takeover in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAn asset has book value ₹120000. It is sold for ₹100000 and the firm pays selling expenses ₹3000. What is the net realisation result from this asset?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDebtors paid ₹29000 after discount of ₹1000 on dissolution. Book value of debtors was ₹32000. How much will be credited through Bank in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyFirm has patent of ₹60000 and it became worthless. What will happen in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhich item will not be transferred to Realisation Account on dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhy are book values of external liabilities credited to Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhy are book values of assets debited to Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf a partner takes over an asset at less than book value then what is the final effect of the difference?Class 12Dissolution of a Partnership FirmRealisation AccountExpert