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Closing Business

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyA and B share profits and losses in the ratio of 1:1. On dissolution of the firm, what will be A's share of a loss of ₹6,000?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA, B, and C share profits in the ratio 3:2:1. What will be C’s share in a profit of ₹12,000?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, if a partner pays realisation expenses of ₹4,000 from personal funds and the firm is to bear the expense, how much reimbursement will the partner receive from the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyTo which account is the profit or loss arising from the Realisation Account ultimately transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn which side is the balance of the Realisation Account shown when it results in a profit?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets with a book value of ₹90,000 were sold for ₹98,000. What is the realisation profit on the sale of the assets?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf an unrecorded liability of ₹7,000 is paid, which entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a creditor's claim of ₹50,000 was settled for ₹48,000. What gain will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the total debit of the Realisation Account is ₹99,000 and its total credit is ₹1,04,000, what is the profit on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a firm, an asset had a book value of ₹72000. It was sold for ₹78000, and selling expenses of ₹1500 were paid. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA partnership firm owes ₹18,000 to its creditors. The creditors are settled in full by paying ₹17,000 in cash and transferring materials valued at ₹500. What gain does the firm earn on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the book value of debtors was ₹50,000 and ₹47,000 was realised from them. What was the loss on realisation of debtors?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, which items are generally recorded on the credit side of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹60,000 was sold for ₹54,000, and realisation expenses of ₹1,000 were paid. What will be the net result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the Realisation Loss on dissolution of the firm is ₹12,000 and the profit-sharing ratio is 5:3, how much loss will be borne by the first partner?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, on which side are external liabilities transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyPartners A, B and C share profits in the ratio 2:2:1. What will be C’s share in the profit of ₹15,000 to be distributed before the firm is closed?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, in the absence of any specific agreement, in which ratio is the reserve fund distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhen an unrecorded liability is paid, what treatment is made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, a partner’s loan is repaid before which of the following?Class 12Dissolution of a Partnership FirmClosing the BusinessHard