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Partnership Dissolution

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

AccountancyIn the Realisation Account, a liability has a book value of ₹4,500 and is settled for ₹4,000. What is the result of this transaction?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhat is the final result of the Realisation Account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the dissolution of a partnership firm, which account is prepared to determine the profit or loss arising from the realisation of assets and settlement of liabilities?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyDuring the dissolution of a firm, which account is closed after the realisation profit or loss is transferred to the partners’ capital accounts?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of the firm, what is the net effect on the Realisation Account when an external liability is paid at its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhat is the final step in preparing the Realisation Account on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyUse of Realisation AccountClass 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a partnership firm, which of the following transactions is not recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a firm, which amount is recorded in the Realisation Account when an asset is sold?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhat is the final function of the Realisation Account on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhich of the following items is recorded on the credit side of the Realisation Account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, if a partner takes over an asset of the firm, which account is debited?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a partnership firm, if an asset is sold for an amount equal to its book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhat does the balance of the Realisation Account indicate at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a partnership firm, what will be the result in the Realisation Account if the amount realised from assets is less than the amount paid to settle liabilities?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, if an unrecorded asset is sold, in which account is the amount received credited?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of the firm, to which account is the loss arising in the Realisation Account transferred?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a partnership firm, the Realisation Account is based on which fundamental principle?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a firm, in which account is the cash received from the sale of assets credited?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a partnership firm, when a partner takes over an asset, what entry is made in that partner’s capital account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium