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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 a partner takes over a firm’s liability, in which account and in what manner is it recorded?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhat is the effect of omitting a transaction from the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, cash remains after paying external liabilities, partners’ loans and realisation expenses. On what basis is this amount generally distributed?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIn the Realisation Account, if one asset is sold above its book value and another asset is sold below its book value, what is determined?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a debtor becomes a bad debt and no amount is recovered from it, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, if an asset is taken over by a creditor at an agreed value, what is the accounting treatment?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, on which side of the Realisation Account are the realisation expenses borne by the firm recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a partner pays a firm’s liability from personal funds, what effect does the related entry in the Realisation Account have?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if the sale consideration of an asset has not yet been received, how is it treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of the firm, on what basis is profit determined in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyUsed for what purposeClass 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen preparing the Realisation Account on dissolution of a firm, which items are transferred through the initial entries?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of the firm, what is the result when the Realisation Account shows a surplus (credit balance)?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the dissolution of a firm, which of the following is not credited to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, among whom is the profit or loss arising from the Realisation Account distributed?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if an asset remains unsold and a partner takes it over at a value lower than its book value, where is the resulting loss ultimately transferred?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, which accounting purpose does the Realisation Account primarily fulfil?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a firm, unpaid salary due to employees is treated as what?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, if the firm’s total assets and external liabilities are equal in amount, the assets are realised at their book value, the liabilities are settled at their book value, 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 generally the final step in closing the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert