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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 of a firm, how is a loan given by a partner treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a firm, if an asset is mortgaged and the related mortgage loan is repaid from its sale proceeds, what will be the effect on the net amount available to the partners?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a partnership firm, if an amount from the debtors proves to be irrecoverable, how is it treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, if a partner takes over an asset in kind instead of paying cash, what will be the accounting effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf, on dissolution of a partnership firm, a creditor agrees to bear the realisation expenses, which accounting entry will be passed?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf an external liability is not transferred to the Realisation Account but its payment is recorded, what will be the effect on profit?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyHow is prepaid insurance treated in the Realisation Account on the dissolution of a firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a partner takes over an unsold asset of the firm at an agreed value, what will be the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a loss arises in the Realisation Account on dissolution of a firm and the partners have different profit-sharing ratios, on what basis will the loss be transferred to their Capital Accounts?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the usual accounting treatment of Bills Receivable on the dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, how are bills receivable treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if a creditor takes over an asset of the firm in settlement of the creditor’s claim, what will be the accounting effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a partner pays the realisation expenses from personal funds on behalf of the firm, what is the correct effect of the accounting entry?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, an unrecorded liability is discovered. What accounting treatment should be made to record it in the books?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen an unrecorded asset is sold for cash at the time of dissolution, how is it treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring dissolution, after all relevant entries have been recorded in the Realisation Account and its profit or loss has been transferred to the partners’ capital accounts, if the debit and credit totals still do not agree, what does this generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if all assets and liabilities are recorded correctly but the final adjustment in the Realisation Account is made incorrectly, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, an asset has a book value of zero but is sold for ₹10,000. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, if all transactions relating to the transfer and realisation of assets and the settlement of liabilities are recorded correctly in the Realisation Account, what will the balance of this account represent?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if the calculated closing balance of the Realisation Account is incorrect, what does it generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountHard