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Class 12 · Accountancy
→On dissolution of a partnership firm, settlement of liabilities resulted in a gain of ₹7000, while the sale of assets resulted in a loss of ₹2500. What will be the net result?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2:5:3. If the total profit is ₹50000, what will be B’s share?
Class 12 · Accountancy
→If the only realisation expense is ₹4,200 and there is no other difference, what will be the result in the Realisation Account?
Class 12 · Accountancy
→On dissolution of the firm, an asset with a book value of ₹1,12,000 was sold for ₹1,21,000. What is the profit on this transaction?
Class 12 · Accountancy
→After the dissolution of a partnership firm is completed and all liabilities and partners’ claims have been settled, what is the status of the accounts?
Class 12 · Accountancy
→At the time of dissolution, a creditor’s claim of ₹62,000 was settled in full for ₹59,000. What gain did the firm earn from this settlement?
Class 12 · Accountancy
→At the time of dissolution, a firm incurred a loss of ₹45,000. If this loss is to be shared between two partners in the ratio 4:5, what will be the second partner’s share of the loss?
Class 12 · Accountancy
→When an unrecorded asset is sold on dissolution of a partnership firm, as what type of item is the amount received recorded in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, if the total debit of the Realisation Account is ₹1,18,000 and the total credit is ₹1,24,000, what will be the profit on realisation?
Class 12 · Accountancy
→The Realisation Account shows a profit of ₹36,000. If the partners’ profit-sharing ratio is 1:3:5, what will be the third partner’s share?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, whose payment has the next priority after external liabilities are paid?
Class 12 · Accountancy
→On closing the firm, a profit of ₹35,000 was earned. If the two partners’ profit-sharing ratio is 3:7, how much of the profit will be received by the partner with the larger share?
Class 12 · Accountancy
→At the dissolution of a partnership firm, an asset with a book value of ₹78,000 was sold for ₹85,000, and selling expenses of ₹2,000 were incurred. What is the net profit from this transaction?
Class 12 · Accountancy
→At the time of dissolution, a liability of ₹33,000 was settled for ₹31,900. What is the gain on this settlement?
Class 12 · Accountancy
→At the time of dissolution, into which account is the goodwill already recorded in the books transferred?
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
→A partner paid ₹9,000 towards the firm's realisation expenses and was reimbursed by the firm. What will be the effect on the Realisation Account?
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
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