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Closing Entries

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 balance of the Realisation Account transferred to close it?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, the Realisation Account shows a profit of ₹15,000. If three partners share profits and losses equally, what amount will be credited to each partner’s Capital Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an unrecorded asset of the firm was realised for ₹5,000. What will be the accounting effect?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a partner personally pays the realisation expenses and does not claim reimbursement from the firm, what will be the effect on the firm's books?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhen a partner takes over a firm’s liability, what is the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a firm, the account prepared to record the profit or loss from the realisation of assets and settlement of liabilities is ultimately closed into which account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a firm, to which account are liabilities transferred before they are paid?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhich of the following accounts does not remain open after the dissolution of the firm is complete?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the total credit side of the Realisation Account is ₹1,28,000 and the total debit side is ₹1,34,000, what will be the result?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhich account is generally prepared first in the accounting process of dissolving a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a firm, which accounts are ultimately closed with a zero balance after realising assets and settling liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, the available cash balance is generally not transferred to which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter all adjustments and final settlement on dissolution of the firm, which account has a nil balance?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy