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Creditors Settlement

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

AccountancyAt the time of dissolution, if a creditor takes over an asset of the firm in settlement of the creditor’s claim, what will be the accounting effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf a firm's creditors are settled for ₹3,000 less than their book value, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution, creditors were paid ₹5,000 more than the amount due to them. What does this excess payment represent?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a firm, creditors appearing in the books at ₹20,000 were settled by paying ₹22,000. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA firm's creditors were owed ₹30,000 and were settled in full for ₹28,000. What is the gain on settlement of the creditors?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 AccountancyAt the time of dissolution of a partnership firm, a creditor accepted ₹9,600 in full settlement of a claim of ₹10,000. What gain will the firm earn from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA partnership firm owes ₹18,000 to its creditors. The creditors are settled in full by paying ₹17,000 in cash and transferring materials valued at ₹500. What gain does the firm earn on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, creditors of ₹18,000 are settled in full by paying ₹17,500. What gain does the firm earn from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyCreditors were recorded at ₹2,25,000 and were settled by mutual agreement for ₹2,10,500. What effect will be recorded in the Revaluation Account at the time of reconstitution?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert