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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।

AccountancyThe Realisation Account shows a profit of ₹21,000. If the firm has three partners who share profits equally, what amount will be transferred to each partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, how is goodwill already recorded in the firm’s books classified?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn the dissolution of a partnership firm, a realisation loss of ₹10,000 is shared between the partners in the ratio of 3:2. What amount of loss will be debited to the first partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen all the liabilities of a firm have been paid and the balances of the partners’ capital accounts become zero, what is considered to have occurred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, a liability of ₹4,400 that had not been recorded in the books earlier was paid. What type of liability is this called?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyTo which account is the profit on realisation transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, stock valued at ₹9,000 is transferred to a creditor in full settlement of the liability. What type of settlement is this?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAfter paying external liabilities and realization expenses on dissolution, on what basis is the remaining final cash distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the dissolution of a partnership firm, which of the following items is not debited to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, an asset with a book value of ₹36000 was sold for ₹39000. What profit arose from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhich account is generally prepared first in the accounting process of dissolving a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, what does the discovery of an unrecorded asset generally indicate?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partnership firm incurs a realisation loss of ₹15,000 and the partners share profits and losses in the ratio of 2:3, what amount of the loss will be debited to the second partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIn the Realisation Account, on which side is the amount received from the sale of investments recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyA partner personally pays realization expenses of ₹3,000, and the firm agrees to reimburse him. When this liability is recorded in the firm’s books, which account is credited?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, after whose claim is a partner’s loan settled?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, an asset with a book value of ₹56,000 is sold for ₹52,000. What is the result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhich account records all cash receipts and payments during the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, ₹12,000 is available for distribution after paying all liabilities and realization expenses. If the two partners share profits and losses equally, how much will each partner receive?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhich of the following is not credited to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium