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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।

AccountancyOn dissolution of a partnership firm, to which account is the realisation profit transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution of a partnership firm, whose claims are paid first out of the proceeds from the assets?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the process of selling the assets and converting them into cash at the time of dissolution of a firm called?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is meant by dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIn the dissolution of a partnership firm, what does closing the business mean?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter paying all external liabilities and partners’ loans, if a cash balance of ₹5,000 remains on dissolution of the firm, to whom will this amount be paid?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution, what is paid first, before the partners’ capital is returned?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a firm, what type of receipt is the ₹15,000 received from the sale of its assets called?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the dissolution of a partnership firm, assets are generally converted into what?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter the dissolution of a partnership firm, which relationship among all the partners comes to an end?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a partnership firm, a liability of ₹9,000 is paid. What does this represent?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf a partnership firm’s furniture is sold for ₹7,000 in cash, by how much will the firm’s cash increase?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn which side of the Realisation Account is cash received from the sale of assets recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the final objective of closing a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a partnership firm, what is the ₹20,000 received from the sale of assets called?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIn the dissolution of a firm, after paying the external liabilities, to whom is the next payment made if any amount is still due?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is done with the books of account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the dissolution of a partnership firm, after paying liabilities and dissolution expenses, the remaining final cash is ultimately related to the settlement of which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf a loss of ₹4,000 arises in the Realisation Account on dissolution of the firm, how will it be accounted for?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is meant by the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy