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Conceptual

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyAfter transferring the final balance of Realisation Account to capital accounts what balance should remain in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhy are book values of external liabilities credited to Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhy are book values of assets debited to Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the basic rule behind crediting interest and debiting bank payment in the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyIn which situation can the opening amount of loan account be more than the final capital balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhich option gives the correct profit effect of loan interest and principal repayment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhat is the strongest reason for treating a retiring partner's loan account as a liability account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhy should the balance of a retiring partner's loan account not be taken back to capital account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhat is the accounting basis for treating a partner as a creditor after retirement?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhen an amount is transferred to a retiring partner's loan account, which number does not change?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy AccountancyIf only market value of an old asset changes at admission but book value is not yet changed why may Revaluation Account be needed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn which situation will Revaluation Account show a profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyWhy does the new partner not receive a share of revaluation profit at the time of admission?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyPremium for goodwill (₹24000) is received and old partners withdraw the full amount. What is the net effect on Bank?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyOld partners share in (5:1:4). A new partner receives (1/10) share from the first and (1/5) share from the third. What does the second partner do?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioExpert AccountancyA and B share profits in (5:5). C is admitted for (1/5) share. If the new ratio is (2:2:1), what does it show?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioMedium AccountancyA and B share profits in the ratio 5:4. A gave a loan of ₹60000 to the firm carrying 6% interest for the full year. What is the relation of this interest with profit ratio?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf the partnership deed provides commission to a partner on profit what type of item is it for the firm?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard