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Class 12 · Accountancy
→In the Realisation Account, what is the result when an asset is sold for more than its book value?
Class 12 · Accountancy
→At the dissolution of a firm, in which account is the amount not recovered from debtors recorded?
Class 12 · Accountancy
→In the dissolution of a partnership firm, in which account is the profit arising from the sale of an asset determined?
Class 12 · Accountancy
→Who prepares the Realisation Account at the time of dissolution of the firm?
Class 12 · Accountancy
→At the time of dissolution of a firm, in which account is the settlement of unrecorded liabilities recorded?
Class 12 · Accountancy
→During the dissolution of a firm, what is the main purpose of recording the proceeds from the sale of assets and the payment of liabilities and dissolution expenses in the Bank Account?
Class 12 · Accountancy
→At the time of dissolution of a firm, what is generally done with its unsold assets?
Class 12 · Accountancy
→At the dissolution of a partnership firm, which of the following items are recorded in the Realisation Account?
Class 12 · Accountancy
→When is Realisation Account prepared
Class 12 · Accountancy
→In the Realisation Account, a credit balance of ₹3,000 remains after selling all assets and paying all liabilities. What does this indicate?
Class 12 · Accountancy
→Final purpose?
Class 12 · Accountancy
→On dissolution of a firm, if the Realisation Account shows a profit, which side has the higher total?
Class 12 · Accountancy
→On dissolution of a firm, to which account are the assets, except cash/bank balance, and external liabilities transferred?
Class 12 · Accountancy
→What is the primary purpose of preparing a Realisation Account at the time of dissolution of a partnership firm?
Class 12 · Accountancy
→At the time of dissolution of a firm, if the non-cash assets are sold for an amount higher than their book value, what will be the result in the Realisation Account?
Class 12 · Accountancy
→On dissolution of a firm, which items are transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if the Realisation Account shows a profit, what will be the final effect on the partners’ capital accounts?
Class 12 · Accountancy
→At the time of dissolution, to which account are all assets transferred, excluding cash/bank and fictitious assets?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, on which side of the Realisation Account is the payment made to creditors shown?
Class 12 · Accountancy
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