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Class 12 · Accountancy
→At 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 12 · Accountancy
→From an accounting perspective, what type of account is the Realisation Account prepared at the time of dissolution of a partnership firm?
Class 12 · Accountancy
→At the time of dissolution, if an asset remains unsold and a partner takes it over at an agreed value, which journal entry will be passed in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, at which value are non-cash assets transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, if total payments in the Realisation Account exceed total receipts, what will be the result?
Class 12 · Accountancy
→What is the main purpose of including unrecorded assets and liabilities in the Realisation Account at the time of dissolution of a firm?
Class 12 · Accountancy
→At the dissolution of a firm, if a partner takes over a liability of the firm, which accounting entry is made?
Class 12 · Accountancy
→If both assets and liabilities are fully settled in Realisation Account what is the final result
Class 12 · Accountancy
→At 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 12 · Accountancy
→At the time of dissolution, if a partner takes over an asset for personal use, what effect is made on the partner’s Capital Account?
Class 12 · Accountancy
→On dissolution of the firm, how is a normal bank overdraft treated in the Realisation Account?
Class 12 · Accountancy
→At 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 12 · Accountancy
→To whose accounts is the profit or loss arising from the Realisation Account transferred?
Class 12 · Accountancy
→At the time of dissolution, the Realisation Account is primarily prepared on which basis?
Class 12 · Accountancy
→At 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 12 · Accountancy
→Which of the following transactions is not recorded in the Realisation Account at the time of dissolution of the firm?
Class 12 · Accountancy
→At the time of dissolution, if an asset has not yet been sold, at what value is it transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, in which account is the cash sale of an asset recorded on the credit side?
Class 12 · Accountancy
→At 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 12 · Accountancy
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