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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 generally done with stock when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the first major accounting step in closing the books of a partnership firm on dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhen dissolution expenses are paid through the bank, on which side of the bank account will they be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf the firm’s liabilities are settled at their book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhich account is used to determine the profit or loss arising from the realisation of assets and settlement of liabilities at the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution of a firm, to whom is the remaining amount ultimately distributed after paying the external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyTo which account is the final balance of the Realisation Account transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIn which ratio is the profit arising from realisation on the dissolution of a firm distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution, a firm's total receipts are ₹25000 and its total payments are ₹15000. What cash balance will remain after making all payments?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat happens to the partnership relationship among the partners after the dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution, if the firm’s stock is sold for ₹12,000, what amount will be realised from the stock?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is done with the partners’ capital accounts after the assets are realised and all liabilities are paid on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the main objective of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf a liability of ₹7,000 is paid, what will be the effect on cash?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a firm, which of the following assets is generally not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution of a partnership firm, what can be the final result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter settling external liabilities and the partners’ claims at dissolution, to whom is the remaining cash distributed?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDissolution expenses are generally recorded in which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution of the firm, a machine is sold for ₹15,000 in cash. How much cash will the firm receive from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution of a firm, when other assets are transferred, cash and bank balances are generally not transferred to which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy