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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।

AccountancyAt the time of dissolution, a creditor of ₹15,000 is settled in full by paying ₹14,500. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA and B share profits in the ratio 4:1. On dissolution of the firm, the Realisation Account shows a profit of ₹25,000. What will be A’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, a partner takes over an unrecorded asset for ₹9,000. What amount will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the debit side of the Realisation Account is ₹98,000 and the credit side is ₹1,05,000, what will be the result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn the dissolution of a partnership firm, if the total credit of the Realisation Account is ₹86,000 and the total debit is ₹81,500, what is the realisation profit?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAn asset with a book value of ₹15,000 is sold for ₹14,000, and realization expenses of ₹500 are incurred. What is the net realization result?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring dissolution, after which stage are the partners’ capital accounts settled?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyThe total loss in the Realisation Account is ₹12,000. If the two partners share the loss in the ratio of 1:2, what amount of loss will be borne by the second partner?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring the dissolution of a firm, what is generally the final balance of the bank account after realizing all assets, paying all liabilities, and settling the partners’ accounts?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, a creditor whose claim was ₹10,000 was paid ₹10,200. What will be the effect on the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, when the Realisation Account shows a loss, which account is debited for transferring that loss?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat effect will payment of an unrecorded liability of ₹2,500 have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA and B share profits in the ratio 5:3. If a profit of ₹16,000 arises from realisation, what will be A’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the dissolution of a partnership firm, assets with a book value of ₹24,000 were sold for ₹26,000, and realisation expenses amounted to ₹1,000. What is the net result of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIn what order is a partner’s loan paid during the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the total credit side of the Realisation Account is ₹90,000 and the total debit side is ₹84,000, what will be the result on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the dissolution of a firm, to which account are the external liabilities appearing in the books transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a partner takes over a machine with a book value of ₹30,000 for ₹28,000. What will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a firm, to which account is the profit from the Realisation Account ultimately transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf an unrecorded asset is sold for ₹7,000, which entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard