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Omitted Liability

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

AccountancyIf, at the time of dissolution of a firm, a liability is omitted from the Realisation Account, what will happen to the profit shown by the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a known liability is not transferred to the Realisation Account but its payment is recorded in that account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAn old royalty liability of ₹44,400 was omitted from the books. It is now recognised. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyAn old royalty liability of ₹26,000 had been omitted from the books by mistake. It is now recognised at the time of reconstitution. What will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert