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Liabilities

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 of a firm, which of the following entries results in crediting the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat is the final objective of the dissolution process of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat is the main purpose of realising assets into cash at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat is the main objective of settling liabilities at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of a partnership firm, which entry is made when liabilities are transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIf the firm’s liabilities are settled at their book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIn the books of a partnership firm, how is the amount due to a deceased partner shown until it is paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyThe amount of a deceased partner’s share of profit up to the date of death that remains payable by the firm is shown under which category in the firm’s books?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUntil it is paid, how is the amount due to a deceased partner classified in the firm’s books?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyHow is the deceased partner’s share of profit payable up to the date of death treated in the firm’s accounts?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyHow is the amount due to a deceased partner treated for the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyAfter reconstitution, under which category does the amount payable to a deceased partner’s account fall for the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhen does the liability recorded in the loan account of a retiring or deceased partner cease?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen a partner’s loan account is paid in cash, which sides of the balance sheet are affected?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhich of the following items is not affected by the payment of the principal amount of a retiring or deceased partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyIf the amount in the loan account of a retired or deceased partner has not yet been paid by the firm, how will it be treated in the firm's books?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyAfter interest is added to a partner’s loan account, its balance becomes ₹1,32,500. What is the accounting implication?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen the principal recorded in a retired or deceased partner’s loan account is paid in installments, what effect will each installment have on the firm’s books?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhat accounting effect arises when a partner’s loan account is paid?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhy is a loan account opened for the amount due to a retiring or deceased partner when it is not paid immediately?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert