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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।

AccountancyUpon dissolution of a partnership firm, a realisation profit of ₹27,000 is to be distributed between the partners in the ratio of 1:2. What will be the first partner’s share of the profit?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the dissolution of a firm, in which account will the sale proceeds of ₹6200 from an unrecorded asset be credited?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAfter the dissolution of a firm, what happens to its existence as a going concern?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat does a credit balance in the Realisation Account indicate?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a liability had a book value of ₹14,000 and was settled for ₹14,600. What loss did the firm incur?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, in which ratio is the loss arising from the Realisation Account distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIn which account is the amount recovered from debtors recorded at the time of dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf the debit side of the Realisation Account is ₹75,000 and the credit side is ₹70,000, what will be the result on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, to whom is the balance of the reserve fund transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, an asset with a book value of ₹39,000 is sold for ₹45,000. What profit arises from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, how does payment of an unrecorded liability affect the result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partner takes over the firm’s motor car for ₹48,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, which account summarizes the profit or loss arising from the realization of assets and settlement of liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a liability of ₹25,000 is settled for ₹24,200, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the dissolution of a partnership firm, on which side of the Realisation Account is the building transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhich account is prepared on dissolution of a partnership firm to ascertain the profit or loss arising from the sale of assets and settlement of external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIn which of the following situations will no profit on realisation arise?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, the firm paid ₹1,800 as realisation expenses in cash. What effect will this transaction have on the Cash Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, at what value is a patent transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhy is the existence of a firm considered terminated after dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessHard