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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 takes an asset of ₹12000 and also takes a liability of ₹7000. What is the net effect on his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyAt the time of dissolution of a partnership firm, the accumulated loss is ₹42,000. If three partners share profits and losses equally, what amount will be debited to each partner’s Capital Account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyThe profit-sharing ratio of a partnership firm is 2:3. At the time of dissolution, accumulated profit of ₹25,000 is distributed to the partners’ capital accounts in their profit-sharing ratio. What amount will be credited to the account of the partner having the larger share?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyA and B share profits and losses in the ratio of 7:5. On dissolution of the firm, a realisation profit of ₹72,000 was earned. What amount will be credited to B’s capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf credit total of realisation account exceeds debit total by ₹36000 then what is it?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf debit total of realisation account exceeds credit total then what is transferred to partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyWhen is the final balance of realisation account transferred to capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyB is entitled to ₹3000 commission for realisation work. What happens in B's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyCommission payable to a partner on dissolution is recorded on which side of capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyA is to receive fixed ₹5000 for realisation expenses. Actual expenses are ₹6500. If A must bear the expenses himself then how much is credited to A?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf a partner is to receive a fixed amount for realisation expenses and actual expense is more than that then who bears the extra expense?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf realisation expenses are paid by the firm then what is the direct effect on partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyB takes over firm's unrecorded warranty liability of ₹9000. What will happen in B's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf a partner takes over an unrecorded liability then what happens to his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyA takes over firm's unrecorded patent rights at ₹16000. What will happen in A's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf a partner takes over an unrecorded asset of the firm then what is the effect on his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyAt the time of dissolution of a firm, the Advertisement Suspense Account has a debit balance of ₹18,000. If the partners share profits in the ratio of 2:1, what amount will be debited to the capital account of the partner with the smaller share?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyOn dissolution balance of advertisement suspense account goes to which side of partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf the Joint Life Policy Reserve is ₹21,000 and the partners’ profit-sharing ratio is 4:2:1, what amount will be credited to the third partner’s capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyHow is joint life policy reserve transferred to partners' capital accounts on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium