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Class 12 · Accountancy
→At the time of dissolution, which ratio is mainly used to distribute the profit or loss arising from realisation?
Class 12 · Accountancy
→At the time of dissolution, to which side of the Realisation Account are external liabilities transferred?
Class 12 · Accountancy
→Which of the following items is not transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, on which side of the Realisation Account is realisation expense of ₹2,500 recorded?
Class 12 · Accountancy
→Upon dissolution of a partnership firm, which of the following claims is settled last out of the amount realised from the firm’s assets?
Class 12 · Accountancy
→At the dissolution of a firm, if all assets are sold at their book values, liabilities are settled at their book values, and no additional expenses are incurred, what will be the result in the Realisation Account?
Class 12 · Accountancy
→When a creditor accepts the firm's stock in settlement of the amount due, which process does this form part of?
Class 12 · Accountancy
→At the time of dissolution, an asset with a book value of ₹20,000 was sold for ₹24,000. What will be the result on realisation?
Class 12 · Accountancy
→When cash is deficient on dissolution, what is asking partners for an additional amount called?
Class 12 · Accountancy
→When a partnership firm’s business is completely closed and its accounts are settled, what is this process called?
Class 12 · Accountancy
→In which situation can a profit arise in the Realisation Account?
Class 12 · Accountancy
→For what primary purpose is the Cash Account prepared at the time of dissolution of a firm?
Class 12 · Accountancy
→At the time of dissolution, a liability of ₹8,000 is settled for ₹8,500. What will be the effect on the Realisation Account?
Class 12 · Accountancy
→If a partner takes over an asset for personal use at dissolution, at what value is it recorded?
Class 12 · Accountancy
→On dissolution, repayment of partners’ capital is made on what basis?
Class 12 · Accountancy
→On dissolution, the balance of accumulated profits is transferred to which account?
Class 12 · Accountancy
→When a bank loan is paid off at the time of dissolution, which account is debited?
Class 12 · Accountancy
→What is the main objective of settling liabilities at the time of dissolution of a firm?
Class 12 · Accountancy
→At the time of dissolution, an asset of the firm has a book value of ₹9,000 and is sold for ₹11,000. What will be the result?
Class 12 · Accountancy
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