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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।

AccountancyWhat is the main purpose of realising assets into cash at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, an asset with a book value of ₹50,000 is sold for ₹47,000. What result will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partner pays dissolution expenses on behalf of the firm, to whom will the firm reimburse the amount?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the main objective of settling liabilities at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhen an unrecorded asset is taken over by a partner which side of Realisation Account is credited?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the ultimate objective of dissolving and closing a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a partnership firm, if total receipts are ₹25,000 and total payments are ₹20,000, what will be the closing balance?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat happens to the firm's normal business activities when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDuring the dissolution of a partnership firm, in which account is the amount received from the sale of assets deposited?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution, to which partners’ account is the profit or loss from the Realisation Account transferred in the profit-sharing ratio?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDuring the dissolution of a partnership firm, whose claim is paid first after the external liabilities are settled?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the primary purpose of closing the accounts when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDuring the dissolution of a firm, receipts amounted to ₹30,000 and payments amounted to ₹18,000. If the opening cash balance was nil, what will be the closing cash balance?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter realizing the assets and paying the external liabilities and dissolution expenses, what is the final stage in the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter all outside liabilities and partners’ loans are paid on dissolution of a firm, on what basis is the remaining amount generally distributed finally?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is generally the next step after selling all the assets of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat will happen when ₹4,000 is collected from the firm's debtors?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a partnership firm, what arises when an asset is sold for less than its book value?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDuring dissolution, if total receipts are ₹20,000 and total payments are ₹12,000, what will be the balance between receipts and payments?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a partnership firm, on which side of the Realisation Account is cash received from the sale of assets recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy