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Liability Settlement

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

AccountancyIf a partner personally pays a firm's liability and takes nothing later from the firm, what happens in capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyBank loan of ₹90000 was settled for ₹84000 on dissolution. What is the result in Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, if an external liability is only partially paid and the remaining amount is not waived, what happens to the balance?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, an external liability has already been transferred to the Realisation Account. If the entry for its partial cash payment is not recorded, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf an amount lower than the actual payment of a liability is recorded in the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen a liability is settled for an amount different from its book value, in what form is the difference recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIn the Realisation Account, what will be the effect if a liability is settled for an amount higher than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, a liability is settled for an amount lower than its book value. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a firm, which accounting purpose does the Realisation Account primarily fulfil?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a firm, if the amount required to pay the liabilities in full exceeds the amount realised from the assets, what will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf a liability is settled for an amount lower than its book value, what is the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyThe cash flow recorded in the Realisation Account mainly relates to which transactions?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of the firm, what is the net effect on the Realisation Account when an external liability is paid at its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, what is the effect of settling a liability for an amount lower than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhen does the payment of a liability result in a profit in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyIf a liability with a book value of ₹6,000 is settled for ₹5,000, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhen the firm's liabilities are paid, on which side of the Realisation Account is the entry recorded?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution, what does the Realisation Account primarily record and adjust?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a firm, what will be recorded in the Realisation Account if a liability is settled for less than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhat is the settlement of a firm's liability called?Class 12Dissolution of a Partnership FirmRealisation AccountEasy