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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।

AccountancyAt the time of dissolution, an external liability has a book value of ₹50,000 and is settled for ₹45,000. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn dissolution of a partnership firm, settlement of liabilities resulted in a gain of ₹7000, while the sale of assets resulted in a loss of ₹2500. What will be the net result?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, in which account are all gains or losses arising from the realisation of assets and settlement of liabilities accumulated?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution of a firm, through which account are external liabilities actually paid mainly?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhy is the cash balance not transferred to the Realisation Account at the time of dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyFor what purpose is the Realisation Account prepared at the time of dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring the dissolution of the firm, a liability of ₹60,000 is settled by paying ₹61,500. What will be the result?Class 12Dissolution of a Partnership FirmClosing the BusinessHard 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 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 AccountancyAt the time of dissolution of a partnership firm, liabilities of ₹50,000 are settled for ₹48,000. What effect will this have on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyWhat is the ultimate objective of dissolving a partnership firm?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen all the liabilities of a firm have been paid and the balances of the partners’ capital accounts become zero, what is considered to have occurred?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a liability of ₹25,000 is settled for ₹24,200, what will be the effect on the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhy is the existence of a firm considered terminated after dissolution?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf ₹16,000 cash remains after settling all the firm's liabilities and the partners' claims, to whom will this amount be distributed?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of a partnership firm, in which account is the settlement of external liabilities recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, how is a bank overdraft classified?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhen a creditor accepts the firm's stock in settlement of the amount due, which process does this form part of?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhat is the main purpose of transferring creditors to the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, which account is used to determine the profit or loss arising from the realisation of assets and settlement of liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium