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Class 12 · Accountancy
→What does the final balance of the Realisation Account indicate upon the dissolution of a partnership firm?
Class 12 · Accountancy
→On the dissolution of a partnership firm, a realisation loss of ₹24,000 is shared between the partners in the ratio 3:1. What amount of loss will be borne by the second partner?
Class 12 · Accountancy
→On dissolution of the firm, before settling the amount due to creditors, to which account is the Creditors Account transferred?
Class 12 · Accountancy
→If there is a loss in the Realisation Account, how is it treated in the partners’ capital accounts?
Class 12 · Accountancy
→On dissolution of a firm, to whom is the final surplus distributed after settling external liabilities, partners’ loans and capital?
Class 12 · Accountancy
→At the time of dissolution, assets valued at ₹85000 were sold for ₹90000, and realization expenses amounted to ₹2000. What is the net profit from this transaction?
Class 12 · Accountancy
→A realisation profit of ₹18,000 arises on the dissolution of a firm. If the profit-sharing ratio is 2:1, what will be the first partner’s share?
Class 12 · Accountancy
→At the time of dissolution of a firm, which items are generally recorded on the debit side of the Realisation Account?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 1:1. On dissolution of the firm, what will be A's share of a loss of ₹6,000?
Class 12 · Accountancy
→An unrecorded asset with an agreed value of ₹9,000 is taken over by a partner. What effect will this transaction have on the Realisation Account?
Class 12 · Accountancy
→What is the ultimate purpose of the Bank Account when a partnership firm is dissolved?
Class 12 · Accountancy
→If the total of the credit side of the Realisation Account is ₹1,40,000 and the total of the debit side is ₹1,32,000, what will be the result of realisation?
Class 12 · Accountancy
→At the time of dissolution of a firm, in which account is the reserve fund generally adjusted?
Class 12 · Accountancy
→At the time of dissolution, an asset with a book value of ₹50,000 is sold for ₹47,000. What loss will arise on the realization of the asset?
Class 12 · Accountancy
→The Realisation Account is used to determine which type of profit or loss?
Class 12 · Accountancy
→A, B, and C share profits in the ratio 3:2:1. What will be C’s share in a profit of ₹12,000?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, in which account is the available cash balance generally shown?
Class 12 · Accountancy
→During the dissolution of the firm, a liability of ₹60,000 is settled by paying ₹61,500. What will be the result?
Class 12 · Accountancy
→On dissolution of a partnership firm, if a partner pays realisation expenses of ₹4,000 from personal funds and the firm is to bear the expense, how much reimbursement will the partner receive from the firm?
Class 12 · Accountancy
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