Search questions
Choose which content to search, then combine terms with AND or OR.
Class 12 · Accountancy · Hard
→To which account is the profit or loss arising from the Realisation Account ultimately transferred?
Class 12 · Accountancy · Hard
→At the time of dissolution, a creditor whose claim was ₹18,000 agreed to settle the account for ₹17,500. What gain will arise from this transaction?
Class 12 · Accountancy · Hard
→On which side is the balance of the Realisation Account shown when it results in a profit?
Class 12 · Accountancy · Hard
→At the time of dissolution, assets with a book value of ₹90,000 were sold for ₹98,000. What is the realisation profit on the sale of the assets?
Class 12 · Accountancy · Hard
→On dissolution of a firm, to which account are liabilities transferred before they are paid?
Class 12 · Accountancy · Hard
→A and B share profits and losses in the ratio of 4:1. On dissolution of the firm, a realisation loss of ₹25,000 is incurred. What will be B’s share of this loss?
Class 12 · Accountancy · Hard
→If an unrecorded liability of ₹7,000 is paid, which entry will be made in the Realisation Account?
Class 12 · Accountancy · Expert
→After paying outside liabilities and partners’ loans on dissolution of a partnership firm, on what basis is the remaining final cash distributed?
Class 12 · Accountancy · Expert
→On dissolution of the firm, a gain of ₹4500 arises from the settlement of liabilities and a loss of ₹2500 arises from the sale of assets. What will be the net result?
Class 12 · Accountancy · Expert
→On dissolution of the firm, A, B and C share profits in the ratio 3:4:5. If the realisation profit is ₹24000, what amount of profit will be received by C?
Class 12 · Accountancy · Expert
→If, on dissolution of a partnership firm, only a realisation expense of ₹3,500 is recorded in the Realisation Account and there are no other items or adjustments, what will be the result of the Realisation Account?
Class 12 · Accountancy · Expert
→During the dissolution of a firm, an asset had a book value of ₹95000 and was sold for ₹102000. If no selling expenses were incurred, what is the profit on the sale of the asset?
Class 12 · Accountancy · Expert
→Which of the following accounts does not remain open after the dissolution of the firm is complete?
Class 12 · Accountancy · Expert
→At the time of dissolution, a creditor's claim of ₹50,000 was settled for ₹48,000. What gain will be recorded in the Realisation Account?
Class 12 · Accountancy · Expert
→On dissolution of a firm, a loss of ₹32,000 is shared between two partners in the ratio 5:3. What will be the second partner’s share of the loss?
Class 12 · Accountancy · Expert
→In the Realisation Account, receipt from an unrecorded asset is recorded as which type of item?
Class 12 · Accountancy · Expert
→If the total debit of the Realisation Account is ₹99,000 and its total credit is ₹1,04,000, what is the profit on dissolution of the firm?
Class 12 · Accountancy · Expert
→On dissolution of the firm, the Realisation Account shows a profit of ₹27000. If the three partners share profits in the ratio 2:2:5, what share of the realisation profit will be credited to the third partner?
Class 12 · Accountancy · Expert
→On dissolution of a firm, whose payment has the next priority after external liabilities are settled?
Class 12 · Accountancy · Expert
→