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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।

AccountancyAn asset with a book value of ₹15,000 is sold for ₹14,000, and realization expenses of ₹500 are incurred. What is the net realization result?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring dissolution, after which stage are the partners’ capital accounts settled?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyThe total loss in the Realisation Account is ₹12,000. If the two partners share the loss in the ratio of 1:2, what amount of loss will be borne by the second partner?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the dissolution of a partnership firm, assets with a book value of ₹24,000 were sold for ₹26,000, and realisation expenses amounted to ₹1,000. What is the net result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIn what order is a partner’s loan paid during the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the dissolution of a firm, to which account are the external liabilities appearing in the books transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a partner takes over a machine with a book value of ₹30,000 for ₹28,000. What will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a firm, to which account is the profit from the Realisation Account ultimately transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the primary purpose of preparing the Bank Account at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt what value are assets transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA and B share profits in the ratio 3:2. If the firm incurs a realisation loss of ₹10,000 on dissolution, what will be A’s share of the loss?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, an asset has a book value of ₹22,000 and is sold for ₹27,000. What is the profit on realisation?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a book liability of ₹12,000 was settled for ₹11,000. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, machinery having a book value of ₹50,000 was sold for ₹46,000. What will be the effect in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the final objective to ensure in the dissolution process?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhile closing the business, partners A and B share profits in the ratio 4:3. If the total profit is ₹14,000, what will be B's share?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen is a partner’s loan repaid relative to external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, an asset with a book value of ₹28,000 was sold for ₹26,000. What will be the loss on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a creditor whose liability was ₹15,000 was settled in full by paying ₹14,500. What gain did the firm earn from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf an asset is abandoned without receiving any amount, what will be its effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium