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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।

AccountancyA partner paid realisation expenses of ₹5,000 on behalf of the firm, and the firm reimbursed the partner. In the Realisation Account, on which side and for what amount will the entry be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn asset has a book value of ₹45000, and a partner takes it over at an agreed value of ₹50000. What is the realisation profit arising from this transaction on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAfter settling liabilities and realizing assets, in which of the following situations will a loss arise in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, the realisation profit is ₹36,000 and the profit-sharing ratio of the three partners is 5:4:3. What will be the second partner’s share of the profit?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA firm’s creditor was owed ₹30,000 and was settled by paying ₹28,000 in cash and transferring stock valued at ₹1,500. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded liability of ₹7,000 was paid. What effect will this transaction have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, A and B share profits in the ratio 3:2. The firm incurred a realisation loss of ₹25,000. What will be A’s share of this loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, if the debit side of the Realisation Account is ₹1,85,000 and the credit side is ₹2,01,000, what will be the result of the account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, machinery with a book value of ₹80,000 was sold for ₹92,000. The realisation expenses related to this transaction amounted to ₹2,000. What will be the net profit recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the Realisation Account has total credits of ₹95,000 and total debits of ₹1,02,000. What will be the result for the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the overall process of realizing assets, paying liabilities, and settling the partners’ accounts on the dissolution of a firm called?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the Realisation Loss on dissolution of the firm is ₹12,000 and the profit-sharing ratio is 5:3, how much loss will be borne by the first partner?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a creditor’s claim of ₹30,000 was settled for ₹29,200. What gain arises from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAfter realization of assets and payment of external liabilities and dissolution expenses, what does the final amount remaining in the Bank Account generally represent?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA partner personally paid ₹2,500 as realisation expenses on behalf of the firm. What will he receive on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, on which side are external liabilities transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyPartners A, B and C share profits in the ratio 2:2:1. What will be C’s share in the profit of ₹15,000 to be distributed before the firm is closed?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, an asset had a book value of ₹45,000 and was sold for ₹42,000. What is the result of this disposal?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, if an unrecorded asset is sold for ₹15,000, what will be the effect in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, in the absence of any specific agreement, in which ratio is the reserve fund distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessHard