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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।

AccountancyPartners R and S share profits and losses in the ratio of 5:3. On dissolution of the firm, the Realisation Account shows a loss of ₹64,000. What amount will be debited to partner S’s Capital Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyPartners A and B share profits in the ratio 3:2. Realisation profit is ₹50,000. How much will be credited to A’s capital account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyDebit side of Realisation Account exceeds credit side by ₹27000. Where will it be transferred?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyCredit side of Realisation Account exceeds debit side by ₹32000. What does it mean?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAsset sold for ₹90000. Selling expenses of ₹4000 were borne by the buyer. What entry for expenses is made by the firm in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAn asset is subject to a mortgage loan of ₹15000. The asset is sold for ₹50000 and the buyer takes over the loan. What cash receipt is considered in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyIf Joint Life Policy is not recorded in books and ₹25000 is received then what entry is made?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyJoint Life Policy appears at ₹30000 and ₹42000 is received. What is the effect in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAssets include debtors ₹72000 and provision ₹6000. Debtors realised ₹68000. What is the realisation result?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt dissolution debtors are ₹50000 and provision for doubtful debts is ₹4000. If debtors realise ₹46000 then what is the correct treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyIf liabilities include partner's loan and trade creditors then which one is transferred to Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyPartner's loan is ₹60000. Why is it not transferred to Realisation Account on dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyLoan from a partner's wife is ₹40000. Where will it be transferred on dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyEmployees provident fund is ₹25000. To which account will it be transferred on dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyCash ₹12000 and Bank ₹18000 appear on asset side. What is their treatment in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyGeneral reserve is ₹48000. Why is it not transferred to Realisation Account on dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAn unrecorded liability of ₹11,000 was paid at dissolution. What is the correct treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAn unrecorded asset was sold for ₹18000. How will it be shown in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyBank loan of ₹90000 was settled for ₹84000 on dissolution. What is the result in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyA partner has to bear realisation expenses of ₹8000 and is to receive remuneration of ₹15000. How much will be debited to Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert

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