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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।

AccountancyAt the time of dissolution, if the amount of an unrecorded liability is wrongly credited to the Realisation Account and included in profit, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a realisation-related expense is mistakenly debited twice to the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner takes over assets valued at more than the credit available in his Capital Account, how will the excess value be accounted for?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the dissolution of a partnership firm, what will happen if bank charges are recorded in the Realisation Account at an incorrect amount?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn the dissolution of a partnership firm, an unrecorded asset is realised for ₹12,000 and an unrecorded liability is paid for ₹8,000. If both are correctly recorded in the Realisation Account, what will be the net effect on this account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf expenses incurred during dissolution are not recorded in the Realisation Account, what effect will this have on the result shown by that account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if an external liability is mistakenly transferred twice to the Realisation Account, what will normally be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner pays a firm’s liability out of personal funds, which journal entry should be passed?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf bank overdraft is not transferred to the Realisation Account but its payment is recorded, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of the firm, if an unrecorded asset of a certain amount is sold and an unrecorded liability of the same amount is paid, what will be the net effect on the profit or loss of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen, on dissolution of a partnership firm, all assets are sold immediately for cash, what will be the immediate effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyFinal stage isClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, an asset has a book value of ₹80,000 and realises only ₹50,000. What will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAfter the Realisation Account has been closed, how is an error or omitted item generally rectified?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a firm, if all assets except cash are realised at their book values, all external liabilities are settled at their book values, and there are no realisation or dissolution expenses, what will be the result in the Realisation Account?Class 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 an asset is realised at an amount equal to its book value, what will be the effect in the Realisation Account for that asset?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, to which account is the profit or loss arising from the Realisation Account ultimately transferred?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf, at the time of dissolution of a firm, a liability is omitted from the Realisation Account, what will happen to the profit shown by the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a partnership firm, how are cash and bank balances treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert