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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।

AccountancyOn dissolution of a partnership firm, in which ratio is the loss arising from the Realisation Account distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf the debit side of the Realisation Account is ₹75,000 and the credit side is ₹70,000, what will be the result on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAn asset with a book value of ₹60,000 was sold for ₹63,000, and selling expenses amounted to ₹1,000. What is the net result of this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAn asset with a book value of ₹15,000 is sold for ₹14,000, and realization expenses of ₹500 are incurred. What is the net realization result?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a partner takes over a machine with a book value of ₹30,000 for ₹28,000. What will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA and B share profits in the ratio 3:2. If the firm incurs a realisation loss of ₹10,000 on dissolution, what will be A’s share of the loss?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, a realisation profit of ₹18,000 was earned. If the partners’ profit-sharing ratio is 2:1, how much will be transferred to the first partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, a book liability of ₹12,000 was settled for ₹11,000. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, in which account is the settlement of external liabilities recorded?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 AccountancyWhen an asset of the firm is found to be worthless at the time of dissolution, what is the usual result?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the main use of the Bank Account at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDuring dissolution, if total receipts are ₹20,000 and total payments are ₹12,000, what will be the balance between receipts and payments?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is meant by dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn what basis is the amount remaining after paying external liabilities and partners’ loans distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhich account is prepared to ascertain the profit or loss on dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIn which ratio is the profit arising on dissolution of a partnership firm distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhy are the partners’ capital accounts closed on the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhen are the external liabilities paid during the dissolution process of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat happens to the existence of the firm after dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy