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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।

AccountancyIn the Realisation Account, what does it indicate when a partner takes over an asset at zero value?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an unrecorded liability is discovered and paid during the dissolution of a firm, what effect will it have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, if an amount lower than the actual proceeds from an asset is credited to the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the result when the cash received from assets is more than their book value in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, if a profit arises from the sale of an asset, to which account is it transferred?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, how is bank overdraft treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, if an external liability is mistakenly recorded twice in the Realisation Account and the error is not rectified, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an unrecorded asset is sold, on which side of the Realisation Account is the amount received recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf realisation expenses are recorded in the Realisation Account at an amount higher than the actual amount, what will be the final effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIn the Realisation Account, what does taking over an asset at zero value generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, if an external liability is only partially paid and the remaining amount is not waived, what happens to the balance?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if the amount realised from an asset is less than its book value, what result will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, if a liability is legally extinguished and no payment is required, what effect will it have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an asset recorded in the books cannot be realised and becomes useless, what is the correct treatment in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf all transactions are correct but a contingent gain is wrongly included what is the effect on final resultClass 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, an asset with a book value of ₹40,000 was sold for ₹30,000, but it was mistakenly recorded at zero value in the Realisation Account. What will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf all entries in the Realisation Account are correct but the profit from realisation is distributed in the wrong profit-sharing ratio, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a partner’s personal expense is mistakenly debited to the Realisation Account, what will be its effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a transaction related to the Realisation Account is mistakenly recorded twice, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard