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Class 12 · Accountancy
→After dissolution, a profit of ₹49,000 is to be distributed between the partners in the ratio 6:1. What will be the smaller partner’s share of the profit?
Class 12 · Accountancy
→At the time of dissolution of the firm, an unrecorded liability of ₹7,600 was paid. What will be the effect of this transaction?
Class 12 · Accountancy
→At the time of dissolution, the total debit of the Realisation Account is ₹1,94,000 and its total credit is ₹1,86,000. What will be the result of the account?
Class 12 · Accountancy
→At the time of dissolution of a firm, in which ratio is the reserve fund distributed among the partners?
Class 12 · Accountancy
→On the dissolution of a partnership firm, a loss of ₹50,000 is to be borne by the partners in their profit-sharing ratio of 2:3:5. What amount of loss will be debited to the second partner’s account?
Class 12 · Accountancy
→On the dissolution of a partnership firm, a realisation profit of ₹30,000 is earned. If the partners share profits in the ratio 3:2:1, what amount will be transferred to the first partner’s capital account?
Class 12 · Accountancy
→At the time of dissolution, an asset with a book value of ₹85,000 was sold for ₹79,000, and ₹2,000 was incurred as selling expense. What is the total loss on realization of the asset?
Class 12 · Accountancy
→A and B share profits in the ratio 8:2. If the firm earns a profit of ₹25000, what will be B’s share at the time of dissolution?
Class 12 · Accountancy
→To which account is the final profit of the Realisation Account transferred?
Class 12 · Accountancy
→At the time of dissolution of a firm, which of the following is generally not transferred to the Realisation Account?
Class 12 · Accountancy
→A and B share profits in the ratio 4:1. On dissolution of the firm, the Realisation Account shows a loss of ₹35000. What is B’s share of this loss?
Class 12 · Accountancy
→At the dissolution of a firm, which journal entry is passed to remove external liabilities from the books?
Class 12 · Accountancy
→What does the balance of the Realisation Account represent?
Class 12 · Accountancy
→Why is the cash balance not transferred to the Realisation Account at the time of dissolution?
Class 12 · Accountancy
→On dissolution of the firm, if a partner takes over an asset, which account is credited?
Class 12 · Accountancy
→What is the process called when a partnership firm’s business is completely closed and the firm ceases to exist?
Class 12 · Accountancy
→If the debit side of the Realisation Account exceeds its credit side, what will be the result?
Class 12 · Accountancy
→At the time of dissolution, to which account are all real assets transferred, except cash and bank balances?
Class 12 · Accountancy
→For what purpose is the Realisation Account prepared at the time of dissolution of a firm?
Class 12 · Accountancy
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