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Partnership Accounts

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

AccountancyAfter paying external liabilities, partners’ loans and capital during dissolution, on what basis is the remaining surplus distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution, when an unrecorded liability is paid, which account is debited with the payment amount?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the final outcome of the books of account on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAt the time of dissolution of the firm, stock is sold for ₹15,000. What amount will be received from this sale?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the main objective of dissolving a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat does the final balance of the Realisation Account indicate?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyIn which account are expenses incurred on the dissolution of a partnership firm debited?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the main purpose of the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyAfter the dissolution of a firm, what happens to its legal identity once the winding-up process is completed?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the first major accounting step in closing the books of a partnership firm on dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDissolution expenses are generally recorded in which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhich special account is opened on the dissolution of a partnership firm to determine the profit or loss arising from the settlement of its assets and external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat can be the result of the Realisation Account at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyOn dissolution, what is paid first, before the partners’ capital is returned?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhat is the main purpose of the Realisation Account at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyDissolution expenses are generally debited to which account?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhich of the following items is generally not included in the final calculation of a deceased partner’s claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf commission has been earned by a deceased partner up to the date of death, how will it be treated in the partner’s claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s total claim is ₹1,68,000. If the firm has an accumulated loss of ₹18,000, what will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAssertion (A): The deceased partner’s share of profit up to the date of death is credited to his capital account. Reason (R): This amount forms part of the total claim payable to the deceased partner.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert