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Partnership Accounting

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

AccountancyIf a profit of ₹44,000 arises in the Realisation Account on the dissolution of a partnership firm, and partners A and B share profits and losses in the ratio of 6:5, how much will be credited to partner A’s Capital Account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIn the Realisation Account, an asset with a book value of ₹80,000 is realised for only ₹50,000. What will be the final effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring dissolution, what will be the result if assets are distributed among the partners in an incorrect ratio instead of according to their correctly adjusted capital balances?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an asset’s book value is higher than its actual realisable value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen an asset not recorded in the books is sold on the dissolution of a firm, how should it be accounted for?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the value of assets is overstated in the books at the time of dissolution and the actual realisation remains unchanged, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a partnership firm, if an asset is sold for less than its book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner takes over an asset at a value higher than its market value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a contingent liability crystallises and is also paid, but the payment is not recorded in the Realisation Account, what will be the effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyFinal stage isClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the main objective of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if the total debit balance of the Realisation Account exceeds its total credit balance, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn the dissolution of a partnership firm, to which account is the commission paid for the sale of an asset debited?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of the firm, how is the bank balance treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, how is a loan given by a partner treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring dissolution, after all necessary adjustments have been correctly recorded in the Realisation Account and the assets and liabilities have been settled, what is the final result if the account shows a credit balance?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor instead of making a cash payment, but the transaction is not recorded in the books, what will be the main effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, if all transactions relating to the transfer and realisation of assets and the settlement of liabilities are recorded correctly in the Realisation Account, what will the balance of this account represent?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a firm, if an unrecorded asset is taken over by a partner, which entry is made in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the primary purpose of preparing a Realisation Account on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert