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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।

AccountancyOn dissolution of a firm, to whom is the final surplus distributed after settling external liabilities, partners’ loans and capital?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets valued at ₹85000 were sold for ₹90000, and realization expenses amounted to ₹2000. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA realisation profit of ₹18,000 arises on the dissolution of a firm. If the profit-sharing ratio is 2:1, what will be the first partner’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a firm, which items are generally recorded on the debit side of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA and B share profits and losses in the ratio of 1:1. On dissolution of the firm, what will be A's share of a loss of ₹6,000?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAn unrecorded asset with an agreed value of ₹9,000 is taken over by a partner. What effect will this transaction have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the ultimate purpose of the Bank Account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf the total of the credit side of the Realisation Account is ₹1,40,000 and the total of the debit side is ₹1,32,000, what will be the result of realisation?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a firm, in which account is the reserve fund generally adjusted?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, an asset with a book value of ₹50,000 is sold for ₹47,000. What loss will arise on the realization of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyThe Realisation Account is used to determine which type of profit or loss?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA, B, and C share profits in the ratio 3:2:1. What will be C’s share in a profit of ₹12,000?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a partnership firm, in which account is the available cash balance generally shown?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring the dissolution of the firm, a liability of ₹60,000 is settled by paying ₹61,500. What will be the result?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, if a partner pays realisation expenses of ₹4,000 from personal funds and the firm is to bear the expense, how much reimbursement will the partner receive from the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf a partner takes over machinery at an agreed value of ₹12,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyTo which account is the profit or loss arising from the Realisation Account ultimately transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a creditor whose claim was ₹18,000 agreed to settle the account for ₹17,500. What gain will arise from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn which side is the balance of the Realisation Account shown when it results in a profit?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets with a book value of ₹90,000 were sold for ₹98,000. What is the realisation profit on the sale of the assets?Class 12Dissolution of a Partnership FirmClosing the BusinessHard