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Class 12 · Accountancy
→At the time of dissolution of a partnership firm, which of the following liabilities are transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, how is the amount received from the sale of assets recorded in the Realisation Account?
Class 12 · Accountancy
→What is the main purpose of Realisation Account on dissolution
Class 12 · Accountancy
→During the dissolution of a firm, what is the resulting position when all its external liabilities have been paid?
Class 12 · Accountancy
→During the dissolution of a partnership firm, if the cash available after realising the assets is insufficient to pay the external liabilities, what is generally done?
Class 12 · Accountancy
→When an asset is sold below its book value at the time of dissolution of a firm, what result is recorded in the Realisation Account?
Class 12 · Accountancy
→If assets sell at higher value result is
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if the amount realized from assets is insufficient to pay the liabilities and realization expenses, what will be recorded in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, what is the accounting treatment if the unsold machinery is taken over by a partner?
Class 12 · Accountancy
→At the time of dissolution, if the total cash payments recorded on the debit side of the Realisation Account exceed the cash receipts recorded on its credit side, what will be the result?
Class 12 · Accountancy
→At 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 12 · Accountancy
→Use of Realisation Account is
Class 12 · Accountancy
→At the time of dissolution, if a partner takes over a liability of the firm, what entry is made in that partner’s Capital Account?
Class 12 · Accountancy
→When a partner takes over an asset of the firm at dissolution, which accounting entry effect takes place?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, what is the effect of accumulated depreciation on the book value of an asset?
Class 12 · Accountancy
→Classification of bank overdraft
Class 12 · Accountancy
→At the time of dissolution, if a partner takes over the stock at an agreed value, which journal entry will be passed?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, in which ratio is the profit or loss arising from the Realisation Account transferred to the partners’ capital accounts?
Class 12 · Accountancy
→What does the final balance of the Realisation Account prepared at the time of dissolution of a partnership firm represent?
Class 12 · Accountancy
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