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Class 12 · Accountancy
→On which side is profit shown in the Realisation Account?
Class 12 · Accountancy
→At what value are the assets of a partnership firm transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, to which account are the real (non-cash) assets and external liabilities transferred?
Class 12 · Accountancy
→For what purpose is the Realisation Account prepared on the dissolution of a partnership firm?
Class 12 · Accountancy
→If total receipts in the Realisation Account are ₹50,000 and total payments are ₹52,000, with no other items, what will be the result?
Class 12 · Accountancy
→On dissolution of a partnership firm, if the Realisation Account shows a loss of ₹12,000, what will be the effect on the partners’ capital accounts?
Class 12 · Accountancy
→On dissolution of a partnership firm, to which account is the balance of the Realisation Account transferred to close it?
Class 12 · Accountancy
→On dissolution of the firm, the Realisation Account shows a profit of ₹15,000. If three partners share profits and losses equally, what amount will be credited to each partner’s Capital Account?
Class 12 · Accountancy
→At the time of dissolution of the firm, to which side of the Realisation Account are the partners’ capital accounts transferred?
Class 12 · Accountancy
→At the time of dissolution, debtors realise ₹10,000 more than their book value. What will be the effect on the Realisation Account?
Class 12 · Accountancy
→What can be the final result of the Realisation Account prepared at the time of dissolution of a firm?
Class 12 · Accountancy
→On dissolution of the firm, an unrecorded liability of ₹4,000 is paid in cash. Which account will be debited?
Class 12 · Accountancy
→On dissolution of a partnership firm, the loss on realisation is ₹16,000. If the two partners share profits equally, what amount of loss will be debited to each partner’s capital account?
Class 12 · Accountancy
→Which of the following items is generally not transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, what is the result of selling an asset for ₹8,000 more than its book value?
Class 12 · Accountancy
→On dissolution of the firm, the Realisation Account shows a profit of ₹27,000. If the three partners share profits and losses equally, what amount will be transferred to each partner’s Capital Account?
Class 12 · Accountancy
→What type of account is the Realisation Account prepared at the time of dissolution?
Class 12 · Accountancy
→At the time of dissolution, creditors were paid ₹5,000 more than the amount due to them. What does this excess payment represent?
Class 12 · Accountancy
→At the time of dissolution, an unrecorded asset is realised for ₹9,000 and an unrecorded liability of ₹3,000 is paid. What will be the net effect on the Realisation Account?
Class 12 · Accountancy
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