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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।

AccountancyIf all realisation expenses are recorded at amounts lower than their actual amounts on dissolution of the firm, what will be the effect on the result of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen an asset not recorded in the books is sold on the dissolution of a firm, how should it be accounted for?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the amount paid to settle an external liability during dissolution is understated in the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIn the Realisation Account, all transactions have been recorded correctly, but the account has been totalled incorrectly. What type of error is this?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if the amount of an unrecorded liability is wrongly credited to the Realisation Account and included in profit, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a realisation-related expense is mistakenly debited twice to the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an asset has zero realisable value but is transferred to the Realisation Account at its book value, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf all entries in the Realisation Account are correct but the realisation profit is distributed among the partners in the wrong ratio, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner takes over assets valued at more than the credit available in his Capital Account, how will the excess value be accounted for?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor, what will be the effect on the asset account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the dissolution of a partnership firm, what will happen if bank charges are recorded in the Realisation Account at an incorrect amount?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn the dissolution of a partnership firm, an unrecorded asset is realised for ₹12,000 and an unrecorded liability is paid for ₹8,000. If both are correctly recorded in the Realisation Account, what will be the net effect on this account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a partner takes over an asset at a value lower than its book value, what will be the effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the final balance of the Realisation Account prepared on the dissolution of a firm is incorrect, what does it generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the value of assets is overstated in the books at the time of dissolution and the actual realisation remains unchanged, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf expenses incurred during dissolution are not recorded in the Realisation Account, what effect will this have on the result shown by that account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if the required entry for an asset taken over by a partner—debiting the partner’s Capital Account and crediting the Realisation Account—is not passed, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an external liability is mistakenly transferred twice to the Realisation Account, what will normally be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, what effect will showing an unrecorded asset at zero value have on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner pays a firm’s liability out of personal funds, which journal entry should be passed?Class 12Dissolution of a Partnership FirmRealisation AccountHard