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Creditor Settlement

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, a creditor’s liability of ₹20,000 is recorded in the Realisation Account under the name of another creditor, although the amount is correct. What will be the primary effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if only part of an external liability is paid and the remaining amount is not waived, what happens to the unpaid balance?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a firm, if an asset is taken over by a creditor at an agreed value, what is the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, a creditor of the firm was payable ₹50,000. The creditor accepted an asset with a book value of ₹40,000 in full settlement. What will be the effect of this transaction on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, the book value of the firm’s creditors was ₹45,000, but ₹47,000 was paid for their full settlement. What effect will this excess payment have on the firm?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 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 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 AccountancyAt the time of dissolution, a creditor to whom ₹12,000 was payable accepted a payment of ₹11,800. What gain did the firm earn from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a creditor of ₹36,000 was fully settled by paying ₹34,000 in cash and giving goods valued at ₹1,000. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert 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 AccountancyAt the time of dissolution, a creditor's claim of ₹50,000 was settled for ₹48,000. What gain will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, creditors payable ₹42,000 are settled in full by paying ₹40,000 in cash. What is the realisation gain from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA firm’s creditor was owed ₹30,000 and was settled by paying ₹28,000 in cash and transferring stock valued at ₹1,500. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a creditor’s claim of ₹30,000 was settled for ₹29,200. What gain arises from this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, stock valued at ₹9,000 is transferred to a creditor in full settlement of the liability. What type of settlement is this?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a creditor’s amount payable was ₹22,000, but ₹22,500 was paid to the creditor. What effect will this excess payment have on the firm?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 AccountancyAt the time of dissolution, a creditor whose liability was ₹15,000 was settled in full by paying ₹14,500. What gain did the firm earn from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a creditor accepts ₹9,600 in full settlement of a liability of ₹10,000. What gain will the firm earn on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium