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Settlement Of Liabilities

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

AccountancyOn dissolution of the firm, a part of a liability is paid in cash, but the payment entry is not recorded in the Realisation Account. What will be the effect on the realisation profit?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor, what will be the effect on the asset account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor instead of making a cash payment, but the transaction is not recorded in the books, what will be the main effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, ₹15,000 out of a liability of ₹20,000 was paid, but the payment was not recorded. If the liability had already been transferred to the Realisation Account, what would be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyAt the time of dissolution, if a liability is settled by transferring an asset to the creditor instead of making a cash payment, what will be the accounting effect?Class 12Dissolution of a Partnership FirmRealisation AccountHard AccountancyOn dissolution of a partnership firm, through which means are the remaining external liabilities generally settled?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 AccountancyAt the time of dissolution of a partnership firm, if all external liabilities are paid in full, what is the immediate effect in the books?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a partnership firm, what is the effect on the Realisation Account when a liability is paid for more than its book value?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyWhich of the following transactions is not recorded in the Realisation Account at the time of dissolution of the firm?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, an external liability is settled for an amount lower than its book value. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyLiabilities recorded in the firm’s books at ₹10,000 are settled for ₹9,000. What will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution of a partnership firm, a liability of ₹6,000 is settled for ₹5,000. What will be its effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution, a liability with a book value of ₹8,000 is settled for ₹8,000. What will be its effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyOn dissolution of a partnership firm, if a liability with a book value of ₹50,000 is settled for ₹45,000, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyAt the time of dissolution, all the liabilities of a firm have a book value of ₹12,000 and are settled for exactly ₹12,000. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountEasy AccountancyWhen all external liabilities are fully paid during the dissolution of a firm, what is the immediate accounting result?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a firm, through which account is the partner’s loan paid?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution, if the cash realised from the assets is insufficient to pay the firm’s liabilities, what is done?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a partnership firm, if a liability is paid for an amount higher than its book value, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium