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Closing The Business

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyIf total receipts in the Realisation Account are ₹50,000 and total payments are ₹52,000, with no other items, what will be the result?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, if the Realisation Account shows a loss of ₹12,000, what will be the effect on the partners’ capital accounts?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert 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 of the firm, to which side of the Realisation Account are the partners’ capital accounts transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, debtors realise ₹10,000 more than their book value. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhat can be the final result of the Realisation Account prepared at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, an unrecorded liability of ₹4,000 is paid in cash. Which account will be debited?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, the loss on realisation is ₹16,000. If the two partners share profits equally, what amount of loss will be debited to each partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhich of the following items is generally not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, what is the result of selling an asset for ₹8,000 more than its book value?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, the Realisation Account shows a profit of ₹27,000. If the three partners share profits and losses equally, what amount will be transferred to each partner’s Capital Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhat type of account is the Realisation Account prepared at the time of dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, creditors were paid ₹5,000 more than the amount due to them. What does this excess payment represent?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an unrecorded asset is realised for ₹9,000 and an unrecorded liability of ₹3,000 is paid. What will be the net effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partnership firm earns a profit of ₹33000. If the profit is distributed among the partners in the ratio 1:2:3, what will be the third partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, how is the existing bank balance recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, realisation expenses of ₹1,000 were paid through the bank. Which account will be debited for this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹35,000 was sold for ₹30,000. What is the result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhat does the final balance of the Realisation Account prepared at the dissolution of a partnership firm indicate?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert