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Class 12 · Accountancy · Hard
→If the final balance of the Realisation Account prepared on the dissolution of a firm is incorrect, what does it generally indicate?
Class 12 · Accountancy · Hard
→At the time of dissolution, if the required entry for an asset taken over by a partner—debiting the partner’s Capital Account and crediting the Realisation Account—is not passed, what will be the effect?
Class 12 · Accountancy · Hard
→At the time of dissolution, if a partner pays a firm’s liability out of personal funds, which journal entry should be passed?
Class 12 · Accountancy · Hard
→At the time of dissolution of a partnership firm, if an asset is sold for less than its book value, what will be the effect on the Realisation Account?
Class 12 · Accountancy · Expert
→Other things remaining the same, which of the following events will increase the profit on realisation?
Class 12 · Accountancy · Expert
→Final stage is
Class 12 · Accountancy · Expert
→At the time of dissolution, an asset has a book value of ₹80,000 and realises only ₹50,000. What will be the result in the Realisation Account?
Class 12 · Accountancy · Expert
→On dissolution of a firm, if all assets except cash are realised at their book values, all external liabilities are settled at their book values, and there are no realisation or dissolution expenses, what will be the result in the Realisation Account?
Class 12 · Accountancy · Expert
→What is the main objective of the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, if an asset is realised at an amount equal to its book value, what will be the effect in the Realisation Account for that asset?
Class 12 · Accountancy · Expert
→At the time of dissolution of a firm, to which account is the profit or loss arising from the Realisation Account ultimately transferred?
Class 12 · Accountancy · Expert
→If, at the time of dissolution of a firm, a liability is omitted from the Realisation Account, what will happen to the profit shown by the Realisation Account?
Class 12 · Accountancy · Expert
→On dissolution of a partnership firm, how are cash and bank balances treated in the Realisation Account?
Class 12 · Accountancy · Expert
→During the dissolution of a firm, if an asset remains unsold for the time being, what is the appropriate treatment?
Class 12 · Accountancy · Expert
→Why is the sale of assets recorded in the Realisation Account at the dissolution of a partnership firm?
Class 12 · Accountancy · Expert
→At the time of dissolution, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?
Class 12 · Accountancy · Expert
→If interest relating to the dissolution of the firm is paid, how is it recorded in the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, if the total debit balance of the Realisation Account exceeds its total credit balance, what will be the result?
Class 12 · Accountancy · Expert
→At the time of dissolution of the firm, which of the following accounts is not transferred to the Realisation Account?
Class 12 · Accountancy · Expert
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