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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।

AccountancyOn dissolution of a partnership firm, how is a Realisation Account loss treated?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of the firm, in which ratio is the profit arising from the Realisation Account distributed among the partners?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen the creditors of a firm are paid, how is this transaction recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn dissolution of a partnership firm, who generally bears the dissolution expenses recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a non-cash asset is transferred to the Realisation Account on dissolution of a firm, on what basis is it generally recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat does the balance of the Realisation Account represent at the time of dissolution of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of a partnership firm, which of the following liabilities are transferred to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution, how is the amount received from the sale of assets recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhat is the main purpose of preparing a Realisation Account when a partnership firm is dissolved?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, what is the resulting position when all its external liabilities have been paid?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyDuring the dissolution of a partnership firm, if the cash available after realising the assets is insufficient to pay the external liabilities, what is generally done?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen an asset is sold below its book value at the time of dissolution of a firm, what result is recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf assets sell at higher value result isClass 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a partnership firm, if the amount realized from assets is insufficient to pay the liabilities and realization expenses, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a partnership firm, what is the accounting treatment if the unsold machinery is taken over by a partner?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if the total cash payments recorded on the debit side of the Realisation Account exceed the cash receipts recorded on its credit side, what will be the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, after recording all entries relating to the realisation of assets and the settlement or transfer of liabilities, what does a credit balance in the Realisation Account indicate?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyUse of Realisation Account isClass 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a partner takes over a liability of the firm, what entry is made in that partner’s Capital Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyWhen a partner takes over an asset of the firm at dissolution, which accounting entry effect takes place?Class 12Dissolution of a Partnership FirmRealisation AccountHard