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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।

AccountancyAt the time of dissolution of a partnership firm, realisation expenses of ₹3,000 are paid through the bank. What amount will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a firm, all non-cash assets are transferred to which account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, after whose claim is a partner’s loan settled?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, how does payment of an unrecorded liability affect the result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partner takes over the firm’s motor car for ₹48,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhich account is prepared on dissolution of a partnership firm to ascertain the profit or loss arising from the sale of assets and settlement of external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhy is the existence of a firm considered terminated after dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, the final adjustment in the partners’ capital accounts is made for which item?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the total profit recorded in the Realisation Account is ₹15,000 and the profit-sharing ratio of the first and second partners is 3:1, what share of the profit will the second partner receive?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhen is the bank account generally closed during the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAn asset with a book value of ₹60,000 was sold for ₹63,000, and selling expenses amounted to ₹1,000. What is the net result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, what does transferring liabilities to the Realisation Account represent?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA and B share profits in the ratio of 7:3. On dissolution of the firm, a realisation loss of ₹5,000 is incurred. What will be A’s share of this loss?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf realisation expenses amount to ₹2,500, on which side of the Realisation Account will they be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, the total book value of the firm’s assets was ₹80,000. If these assets were sold for ₹76,000 and no realisation expenses were incurred, what would be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the realisation loss is ₹18,000 and the partners’ profit-sharing ratio is 2:2:1, what amount of loss will be borne by the third partner?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAn asset had a book value of ₹40,000 and was sold for ₹47,000. What is the realisation profit on the disposal of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a creditor of ₹15,000 is settled in full by paying ₹14,500. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, a partner takes over an unrecorded asset for ₹9,000. What amount will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the debit side of the Realisation Account is ₹98,000 and the credit side is ₹1,05,000, what will be the result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard