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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।

AccountancyA partner is entitled to ₹10000 commission for realisation work and he paid actual expenses of ₹7000. What will be recorded in the firm's books?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyRealisation expenses of ₹6000 were paid by Mohan personally and the firm did not reimburse him. What is the correct accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyRealisation expenses of ₹5000 are paid by the firm. What is the correct side in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt dissolution a partner took over advertising suspense account of ₹12000. What is the correct treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyFirm investments are ₹70000. Partner Arun took them over for ₹78000. How is gain reflected in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyA partner took over stock of ₹30000 for ₹24000. Realisation Account will be credited by which amount?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf debtors have book value ₹40000 and ₹36000 is collected from them then which side of Realisation Account is affected?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyCreditors are ₹50000 at dissolution and are paid in full. Which entry is correct in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt dissolution machinery appears at ₹80000 and is sold for ₹62000. What will be the effect in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the main purpose of Realisation Account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIn the Realisation Account, an asset with a book value of ₹80,000 is realised for only ₹50,000. What will be the final effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen realisation expenses are paid by a creditor instead of through the bank and the amount is adjusted against the creditor’s claim, what is the correct accounting entry?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIn the Realisation Account, what is the result when the sale proceeds of an asset are equal to its book value?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn what basis is profit or loss determined in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the main objective of the Realisation Account of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an asset is realised for an amount equal to its book value, what result will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if all external liabilities are paid in full, what will be the result in relation to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a partner personally bears the realisation expenses without claiming reimbursement from the firm, what entry will be passed in the books?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyHow are expenses recordedClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an asset is sold for cash less than its book value, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert