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Realization Account

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

AccountancyIf a firm's creditors are settled for ₹3,000 less than their book value, what will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyOn dissolution of a partnership firm, if the Realisation Account shows a loss of ₹12,000, what will be the effect on the partners’ capital accounts?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, what is the result of selling an asset for ₹8,000 more than its book value?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an unrecorded asset of the firm was realised for ₹5,000. What will be the accounting effect?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a partnership firm, an asset with a book value of ₹78,000 was sold for ₹85,000, and selling expenses of ₹2,000 were incurred. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, an asset with a book value of ₹85,000 was sold for ₹79,000, and ₹2,000 was incurred as selling expense. What is the total loss on realization of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a firm, when is the remaining cash finally distributed among the partners?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets valued at ₹85000 were sold for ₹90000, and realization expenses amounted to ₹2000. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAfter paying outside liabilities and partners’ loans on dissolution of a partnership firm, on what basis is the remaining final cash distributed?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of the firm, a gain of ₹4500 arises from the settlement of liabilities and a loss of ₹2500 arises from the sale of assets. What will be the net result?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyDuring the dissolution of a firm, an asset had a book value of ₹95000 and was sold for ₹102000. If no selling expenses were incurred, what is the profit on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf A takes over an asset of ₹24,000 and a liability of ₹6,000, what will be the net effect on A’s Capital Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAn unrecorded asset is sold for ₹9,000 during the dissolution of the firm. How will this amount appear in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA firm’s creditor was owed ₹30,000 and was settled by paying ₹28,000 in cash and transferring stock valued at ₹1,500. What is the gain on this settlement?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhat is the overall process of realizing assets, paying liabilities, and settling the partners’ accounts on the dissolution of a firm called?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat does it mean if all account balances become zero when the firm is closed?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, stock valued at ₹9,000 is transferred to a creditor in full settlement of the liability. What type of settlement is this?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, an asset with a book value of ₹36000 was sold for ₹39000. What profit arose from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, an asset with a book value of ₹39,000 is sold for ₹45,000. What profit arises from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf no cash remains after paying the partnership firm’s external liabilities and dissolution expenses, what will the partners receive toward their capital?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium