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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।

AccountancyAfter the dissolution of a partnership firm is completed and all liabilities and partners’ claims have been settled, what is the status of the accounts?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a creditor’s claim of ₹62,000 was settled in full for ₹59,000. What gain did the firm earn from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a firm incurred a loss of ₹45,000. If this loss is to be shared between two partners in the ratio 4:5, what will be the second partner’s share of the loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhen an unrecorded asset is sold on dissolution of a partnership firm, as what type of item is the amount received recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, if the total debit of the Realisation Account is ₹1,18,000 and the total credit is ₹1,24,000, what will be the profit on realisation?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe Realisation Account shows a profit of ₹36,000. If the partners’ profit-sharing ratio is 1:3:5, what will be the third partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, whose payment has the next priority after external liabilities are paid?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn closing the firm, a profit of ₹35,000 was earned. If the two partners’ profit-sharing ratio is 3:7, how much of the profit will be received by the partner with the larger share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a partnership firm, an asset with a book value of ₹78,000 was sold for ₹85,000, and selling expenses of ₹2,000 were incurred. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a liability of ₹33,000 was settled for ₹31,900. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, into which account is the goodwill already recorded in the books transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAfter dissolution, a profit of ₹49,000 is to be distributed between the partners in the ratio 6:1. What will be the smaller partner’s share of the profit?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of the firm, an unrecorded liability of ₹7,600 was paid. What will be the effect of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA partner paid ₹9,000 towards the firm's realisation expenses and was reimbursed by the firm. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the total debit of the Realisation Account is ₹1,94,000 and its total credit is ₹1,86,000. What will be the result of the account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a firm, in which ratio is the reserve fund distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn the dissolution of a partnership firm, a loss of ₹50,000 is to be borne by the partners in their profit-sharing ratio of 2:3:5. What amount of loss will be debited to the second partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhen a profit arises in the Realisation Account, on which side is the balancing figure shown?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe creditors of a firm were due ₹26,000. They were settled in full by paying ₹24,500 in cash and transferring goods worth ₹500. What gain did the firm earn on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyThe book value of debtors was ₹68,000, and ₹64,000 was realised on their settlement. What is the loss on this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert