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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।

AccountancyWhat type of account is the Realisation Account prepared at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWho prepares the Realisation Account at the time of dissolution of the firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a partnership firm, realisation expenses of ₹1,000 were paid through the bank. Which account will be debited for this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of the firm, the profit to be distributed is ₹28,000 and the partners’ profit-sharing ratio is 2:3:5. What will be the second partner’s share of profit?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the closing of the firm, the distributable total profit is ₹36,000 and the three partners share profits in the ratio 4:2:2. How much profit will the first partner receive?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA, B and C share profits in the ratio 2:5:3. If the total profit is ₹50000, what will be B’s share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, when an unrecorded asset is taken over by a partner, which account is credited?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a firm, through which account are external liabilities actually paid mainly?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat does the final balance of a partner’s capital account indicate on the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAn unrecorded liability of ₹7,000 is paid. What effect will this transaction have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, to which account is the final balance of the Realisation Account ultimately transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the process called when a partnership firm’s business is completely closed and the firm ceases to exist?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets valued at ₹85000 were sold for ₹90000, and realization expenses amounted to ₹2000. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the ultimate purpose of the Bank Account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn which side is the balance of the Realisation Account shown when it results in a profit?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, the Realisation Account shows a profit of ₹27000. If the three partners share profits in the ratio 2:2:5, what share of the realisation profit will be credited to the third partner?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, on which side is the balancing figure recorded when the Realisation Account shows a loss?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, if an unrecorded asset is sold for ₹15,000, what will be the effect in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat does the credit side of the Realisation Account generally record?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat does a credit balance in the Realisation Account indicate?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium