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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।

AccountancyAt the time of dissolution of a firm, how is unearned income (income received in advance) generally treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn the dissolution of a partnership firm, to which account is the commission paid for the sale of an asset debited?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of the firm, how is the bank balance treated in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyWhen a partner lends money to the firm, how is the amount recorded in the firm's books?Class 12Dissolution of a Partnership FirmRealisation AccountExpert 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 AccountancyIf all transactions in the Realisation Account are recorded correctly, but the profit or loss on realisation is distributed among partners using the wrong profit-sharing ratio, what is the result?Class 12Dissolution of a Partnership FirmRealisation AccountHard