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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।

AccountancyOn dissolution of a partnership firm, the Realisation Account shows a profit of ₹42,000. If this profit is to be distributed between the partners in the ratio of 6:1, what will be the smaller partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an unrecorded liability of ₹5,200 is discovered and paid in cash. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a partner is reimbursed ₹8,000 for realisation expenses, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIn the context of settling liabilities and selling assets, which of the following situations increases realisation profit?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 AccountancyA partnership firm incurs a loss of ₹16,000 on dissolution. If the partners’ profit-sharing ratio is 1:1:2, what will be the third partner’s share of the loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, on which side is the balancing figure recorded when the Realisation Account shows a loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA partnership firm owes ₹18,000 to its creditors. The creditors are settled in full by paying ₹17,000 in cash and transferring materials valued at ₹500. What gain does the firm earn on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the book value of debtors was ₹50,000 and ₹47,000 was realised from them. What was the loss on realisation of debtors?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution, after paying all realization expenses and external liabilities but immediately before distribution among partners, what does the balance of the Cash Account represent?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe Realisation Account shows a profit of ₹24,000. If the three partners share profits in the ratio 4:3:1, how much will be credited to the third partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf A takes over an asset of ₹24,000 and a liability of ₹6,000, what will be the net effect on A’s Capital Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, which items are generally recorded on the credit side of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, the Realisation Account shows a profit of ₹18,000. If the partners share profits in the ratio of 2:1:1, what amount will be credited to the first partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹60,000 was sold for ₹54,000, and realisation expenses of ₹1,000 were paid. What will be the net result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a liability of ₹18,000 is settled for ₹19,000, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded asset is sold for ₹9,000 during the dissolution of the firm. How will this amount appear in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, A and B share profits in the ratio 7:3. If the Realisation Account shows a profit of ₹50,000, what amount will be credited to B’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, to which account is the final balance of the Realisation Account transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, creditors payable ₹42,000 are settled in full by paying ₹40,000 in cash. What is the realisation gain from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert