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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।

AccountancyWhat is the main objective of the Realisation Account of a partnership firm?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution, if an asset is realised for an amount equal to its book value, what result will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution, if all external liabilities are paid in full, what will be the result in relation to the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution, if a partner personally bears the realisation expenses without claiming reimbursement from the firm, what entry will be passed in the books?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyHow are expenses recordedClass 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyWhen an asset is sold for cash less than its book value, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyIn the Realisation Account, what does it indicate when a partner takes over an asset at zero value?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a firm, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyWhen an unrecorded liability is discovered and paid during the dissolution of a firm, what effect will it have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a partnership firm, if an amount lower than the actual proceeds from an asset is credited to the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyWhat is the result when the cash received from assets is more than their book value in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a partnership firm, if a profit arises from the sale of an asset, to which account is it transferred?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a partnership firm, how is bank overdraft treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution of a partnership firm, if an external liability is mistakenly recorded twice in the Realisation Account and the error is not rectified, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyWhen an unrecorded asset is sold, on which side of the Realisation Account is the amount received recorded?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyIf realisation expenses are recorded in the Realisation Account at an amount higher than the actual amount, what will be the final effect?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyIn the Realisation Account, what does taking over an asset at zero value generally indicate?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyDuring the dissolution of a firm, if an external liability is only partially paid and the remaining amount is not waived, what happens to the balance?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyAt the time of dissolution, if the amount realised from an asset is less than its book value, what result will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpertAccountancyDuring the dissolution of a firm, if a liability is legally extinguished and no payment is required, what effect will it have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert

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