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Class 12 · Accountancy
→An unrecorded asset is sold for ₹9,000 during the dissolution of the firm. How will this amount appear in the Realisation Account?
Class 12 · Accountancy
→On dissolution of the firm, A and B share profits in the ratio 7:3. If the Realisation Account shows a profit of ₹50,000, what amount will be credited to B’s share?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, to which account is the final balance of the Realisation Account transferred?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, creditors payable ₹42,000 are settled in full by paying ₹40,000 in cash. What is the realisation gain from this transaction?
Class 12 · Accountancy
→A partner paid realisation expenses of ₹5,000 on behalf of the firm, and the firm reimbursed the partner. In the Realisation Account, on which side and for what amount will the entry be recorded?
Class 12 · Accountancy
→An asset has a book value of ₹45000, and a partner takes it over at an agreed value of ₹50000. What is the realisation profit arising from this transaction on dissolution of the firm?
Class 12 · Accountancy
→After settling liabilities and realizing assets, in which of the following situations will a loss arise in the Realisation Account?
Class 12 · Accountancy
→On dissolution of a partnership firm, the realisation profit is ₹36,000 and the profit-sharing ratio of the three partners is 5:4:3. What will be the second partner’s share of the profit?
Class 12 · Accountancy
→A firm’s creditor was owed ₹30,000 and was settled by paying ₹28,000 in cash and transferring stock valued at ₹1,500. What is the gain on this settlement?
Class 12 · Accountancy
→An unrecorded liability of ₹7,000 was paid. What effect will this transaction have on the Realisation Account?
Class 12 · Accountancy
→On dissolution of a partnership firm, A and B share profits in the ratio 3:2. The firm incurred a realisation loss of ₹25,000. What will be A’s share of this loss?
Class 12 · Accountancy
→At the time of dissolution, if the debit side of the Realisation Account is ₹1,85,000 and the credit side is ₹2,01,000, what will be the result of the account?
Class 12 · Accountancy
→On dissolution of a partnership firm, machinery with a book value of ₹80,000 was sold for ₹92,000. The realisation expenses related to this transaction amounted to ₹2,000. What will be the net profit recorded in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, the Realisation Account has total credits of ₹95,000 and total debits of ₹1,02,000. What will be the result for the firm?
Class 12 · Accountancy
→What is the overall process of realizing assets, paying liabilities, and settling the partners’ accounts on the dissolution of a firm called?
Class 12 · Accountancy
→If the Realisation Loss on dissolution of the firm is ₹12,000 and the profit-sharing ratio is 5:3, how much loss will be borne by the first partner?
Class 12 · Accountancy
→At the time of dissolution, a creditor’s claim of ₹30,000 was settled for ₹29,200. What gain arises from this settlement?
Class 12 · Accountancy
→After realization of assets and payment of external liabilities and dissolution expenses, what does the final amount remaining in the Bank Account generally represent?
Class 12 · Accountancy
→A partner personally paid ₹2,500 as realisation expenses on behalf of the firm. What will he receive on dissolution of the firm?
Class 12 · Accountancy
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