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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 partnership firm’s profit of ₹56,000 is to be distributed among the partners in the ratio 4:3:1. What will be the third partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partner took over an asset valued at ₹32,000 and a liability of ₹7,000. What will be the net effect on the partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn the dissolution of a partnership firm, a realisation profit of ₹30,000 is earned. If the partners share profits in the ratio 3:2:1, what amount will be transferred to the first partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹85,000 was sold for ₹79,000, and ₹2,000 was incurred as selling expense. What is the total loss on realization of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, whose claim is settled first from the available amount according to the prescribed order of settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partnership firm’s liability of ₹24,000 was settled for ₹25,800. What will be its effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded asset is sold for ₹12,500. On which side of the Realisation Account will this transaction be recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA and B share profits in the ratio 8:2. If the firm earns a profit of ₹25000, what will be B’s share at the time of dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyTo which account is the final profit of the Realisation Account transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, creditors amounted to ₹39,000 and were settled in full for ₹36,000. What is the gain arising from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the firm itself pays realisation expenses of ₹6,500, by what amount will the Realisation Account be affected?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a firm, which of the following is generally not transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partner took over an asset having a book value of ₹62,000 for ₹70,000. What is the profit arising from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIn which situation will a realisation loss not arise on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, a realisation profit of ₹48,000 is to be distributed among the partners in the profit-sharing ratio 5:4:3. What will be the third partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a creditor of ₹50,000 was settled by paying ₹47,000 in cash and transferring goods valued at ₹1,000. What gain arose on the settlement of this creditor?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded liability of ₹8,400 was paid. How will this transaction be shown in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA and B share profits in the ratio 4:1. On dissolution of the firm, the Realisation Account shows a loss of ₹35000. What is B’s share of this loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the debit side of the Realisation Account is ₹2,48,000 and the credit side is ₹2,61,000, what will be the result of this account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, the machinery had a book value of ₹96,000 and was sold for ₹1,08,000. What profit should be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert