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Class 12 · Accountancy
→An asset has a book value of ₹9,000 and is sold for ₹7,000. What will be the effect in the Realisation Account?
Class 12 · Accountancy
→The book value of debtors is ₹20,000, but ₹22,000 is realised from them. What will be the effect in the Realisation Account?
Class 12 · Accountancy
→During the dissolution of a partnership firm, an expense of ₹3,000 is recorded in the Realisation Account. What will be its effect?
Class 12 · Accountancy
→At 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 12 · Accountancy
→At the time of dissolution of a partnership firm, on which side of the Realisation Account is goodwill recorded?
Class 12 · Accountancy
→At the time of dissolution, the book value of machinery is ₹10,000 and it is sold for exactly ₹10,000. What effect will this transaction have in the Realisation Account?
Class 12 · Accountancy
→In the Realisation Account, cash receipts are ₹20,000 and cash payments are ₹18,000. What is the result of these transactions?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if all its assets are sold for more than their book values, what will be recorded in the Realisation Account?
Class 12 · Accountancy
→At 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 12 · Accountancy
→On which side of the Realisation Account will an expense of ₹5,000 be recorded?
Class 12 · Accountancy
→At the time of dissolution, the book value of debtors is ₹15,000, but only ₹14,000 is received from them. What will be the effect in the Realisation Account?
Class 12 · Accountancy
→In the Realisation Account, an asset with a book value of ₹12,000 is sold for ₹9,000. What is the result of this transaction?
Class 12 · Accountancy
→If total receipts in Realisation Account exceed total payments what is the result
Class 12 · Accountancy
→What is the main difference between a Realisation Account and a Revaluation Account?
Class 12 · Accountancy
→At the time of dissolution, which account is debited when bills payable are paid?
Class 12 · Accountancy
→At the dissolution of a firm, how is the bank overdraft treated in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, what does a debit balance in a partner’s capital account indicate?
Class 12 · Accountancy
→At the time of dissolution, if accumulated depreciation is shown separately, how is it treated in relation to the corresponding asset?
Class 12 · Accountancy
→At the time of dissolution, a creditor of the firm was payable ₹50,000. The creditor accepted an asset with a book value of ₹40,000 in full settlement. What will be the effect of this transaction on the Realisation Account?
Class 12 · Accountancy
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