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Realisation Account

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

AccountancyIf all assets are correctly recorded in the Realisation Account, but part of the liabilities is omitted and is subsequently paid, what will be the effect on the final result of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyDuring dissolution, after all necessary adjustments have been correctly recorded in the Realisation Account and the assets and liabilities have been settled, what is the final result if the account shows a credit balance?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf all accounting errors in the Realisation Account are in the same direction, what will be their overall effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the profit from the Realisation Account is distributed among the partners in an incorrect ratio at the time of dissolution, what will be the most direct effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard 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, if a liability is settled by transferring an asset to the creditor instead of making a cash payment, but the transaction is not recorded in the books, what will be the main effect?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 AccountancyIf all errors in the Realisation Account are corrected before the books are closed, what will be the final effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, ₹15,000 out of a liability of ₹20,000 was paid, but the payment was not recorded. If the liability had already been transferred to the Realisation Account, what would be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf an incorrect sale price is recorded instead of the actual sale proceeds of an asset in the Realisation Account at the time of dissolution, what will be the main effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhat will be the effect of recording an item in the Realisation Account when it has no connection with the realisation process?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a firm, a creditor’s liability of ₹20,000 is recorded in the Realisation Account under the name of another creditor, although the amount is correct. What will be the primary effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyDuring dissolution, if all entries relating to assets, liabilities, realisation proceeds and payments are recorded on the exact opposite sides of 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 an unrecorded asset but the transaction is omitted from the books, what will be the main effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the transfer of assets and liabilities is recorded correctly but an adjustment in the Realisation Account is made incorrectly, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf the profit or loss on realisation is calculated incorrectly, what will be directly affected at the time of dissolution?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if all assets are recorded correctly in the Realisation Account but liabilities are recorded at incorrect amounts, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard