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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, 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
→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
→At the time of dissolution of a partnership firm, what is the effect on the Realisation Account when an asset is sold for less than its book value?
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 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
→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
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