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Class 12 · Accountancy
→At the time of dissolution of a partnership firm, how is the existing bank balance recorded in the Realisation Account?
Class 12 · Accountancy
→On dissolution of a partnership firm, realisation expenses of ₹1,000 were paid through the bank. Which account will be debited for this transaction?
Class 12 · Accountancy
→At the time of dissolution, an asset with a book value of ₹35,000 was sold for ₹30,000. What is the result of this transaction?
Class 12 · Accountancy
→What does the final balance of the Realisation Account prepared at the dissolution of a partnership firm indicate?
Class 12 · Accountancy
→On dissolution of the firm, a liability recorded at ₹12,000 was settled for ₹12,000 less than its book value. What is the effect of this transaction on the Realisation Account?
Class 12 · Accountancy
→On the dissolution of a firm, to which side of the Realisation Account is goodwill recorded when it appears in the books?
Class 12 · Accountancy
→At the time of closing the firm, a profit of ₹21,000 is to be distributed among three partners in the ratio 1:1:1. What will be each partner’s share of profit?
Class 12 · Accountancy
→At the time of dissolution, debtors with a book value of ₹60,000 were realised for ₹45,000. What will be the effect on the Realisation Account?
Class 12 · Accountancy
→What is the effect of an increase in realisation expenses during the dissolution of a partnership firm?
Class 12 · Accountancy
→At the time of dissolution of the firm, a machine having a book value of ₹90,000 was sold for ₹1,00,000. What profit arose from this transaction?
Class 12 · Accountancy
→At the time of dissolution, a profit of ₹42,000 is to be distributed equally among three partners. What share of the profit will each partner receive?
Class 12 · Accountancy
→Which of the following is not transferred to the Realisation Account?
Class 12 · Accountancy
→At the dissolution of a firm, creditors appearing in the books at ₹20,000 were settled by paying ₹22,000. What will be the effect on the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, an unrecorded asset of the firm was realised for ₹5,000. What will be the accounting effect?
Class 12 · Accountancy
→At the time of dissolution, the firm incurred a loss of ₹18,000. If the two partners share profits and losses in the ratio of 1:2, how much of the loss will the second partner bear?
Class 12 · Accountancy
→On dissolution of the firm, to which account is the profit or loss on the Realisation Account transferred?
Class 12 · Accountancy
→At the dissolution of a partnership firm, machinery is sold for ₹4,000 more than its book value. On which side of the Realisation Account will the sale proceeds from the machinery be recorded?
Class 12 · Accountancy
→At the dissolution of the firm, the profit to be distributed is ₹28,000 and the partners’ profit-sharing ratio is 2:3:5. What will be the second partner’s share of profit?
Class 12 · Accountancy
→At the time of dissolution, A paid a firm expense of ₹5,000 personally. What journal entry should be recorded in the firm’s books?
Class 12 · Accountancy
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