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Realisation Profit

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, an asset with a book value of ₹40,000 was sold for ₹30,000, but it was mistakenly recorded at zero value in the Realisation Account. What will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a partner’s personal expense is mistakenly debited to the Realisation Account, what will be its effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a firm’s assets are recorded in the books below their actual realizable value and their actual value is received at the time of dissolution, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf an asset’s realisable value is lower than its book value but it is shown at book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf all assets are correctly recorded in the Realisation Account, but a major external liability is omitted from it and is paid later, what will be the effect on the final realisation profit?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf a partner takes over an asset at a value lower than its book value, what will be the effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOther things remaining the same, which of the following events will increase the profit on realisation?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyDuring the dissolution of a firm, realisation expenses of ₹5,000 paid in cash were debited to a partner’s Capital Account instead of the Realisation Account. What will be the effect on the realisation profit?Class 12Dissolution of a Partnership FirmRealisation AccountExpert 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 AccountancyAt the time of dissolution, if an asset is recorded at a book value lower than its actual realisable value, what will be the effect on the profit of the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, if an unrecorded asset is sold but the amount received is not credited to the Realisation Account, what will be the effect on profit?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyIf an amount lower than the actual payment of a liability is recorded in the Realisation Account, what will be the effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution of a partnership firm, what arises when an asset is sold for more than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyIf assets sell at higher value result isClass 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 AccountancyAt the time of dissolution of a partnership firm, what is the effect on the Realisation Account when an asset is sold for more than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if all assets are realised at their book values and all liabilities are settled at their book values, and the total value of assets equals the total value of liabilities, what will be the result in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of the firm, what is the result if the total of the credit side of the Realisation Account exceeds the total of its debit side?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, if the cash realised from the sale of assets is more than their book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, if all assets are sold at their book values and there are no other adjustments, what will be the effect in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium