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Class 12 · Accountancy
→At the time of dissolution, after whose claim is a partner’s loan settled?
Class 12 · Accountancy
→At the time of dissolution, an asset with a book value of ₹56,000 is sold for ₹52,000. What is the result of this transaction?
Class 12 · Accountancy
→Which account records all cash receipts and payments during the dissolution of a firm?
Class 12 · Accountancy
→On dissolution of a partnership firm, ₹12,000 is available for distribution after paying all liabilities and realization expenses. If the two partners share profits and losses equally, how much will each partner receive?
Class 12 · Accountancy
→Which of the following is not credited to the Realisation Account?
Class 12 · Accountancy
→Upon dissolution of a partnership firm, a realisation profit of ₹27,000 is to be distributed between the partners in the ratio of 1:2. What will be the first partner’s share of the profit?
Class 12 · Accountancy
→At the dissolution of a firm, in which account will the sale proceeds of ₹6200 from an unrecorded asset be credited?
Class 12 · Accountancy
→After the dissolution of a firm, what happens to its existence as a going concern?
Class 12 · Accountancy
→What does a credit balance in the Realisation Account indicate?
Class 12 · Accountancy
→At the time of dissolution, a liability had a book value of ₹14,000 and was settled for ₹14,600. What loss did the firm incur?
Class 12 · Accountancy
→On dissolution of a partnership firm, in which ratio is the loss arising from the Realisation Account distributed among the partners?
Class 12 · Accountancy
→In which account is the amount recovered from debtors recorded at the time of dissolution of the firm?
Class 12 · Accountancy
→If the debit side of the Realisation Account is ₹75,000 and the credit side is ₹70,000, what will be the result on dissolution of the firm?
Class 12 · Accountancy
→On dissolution of a partnership firm, to whom is the balance of the reserve fund transferred?
Class 12 · Accountancy
→At the time of dissolution of a firm, an asset with a book value of ₹39,000 is sold for ₹45,000. What profit arises from this transaction?
Class 12 · Accountancy
→At the time of dissolution, how does payment of an unrecorded liability affect the result of the Realisation Account?
Class 12 · Accountancy
→If a partner takes over the firm’s motor car for ₹48,000, what entry will be made in the Realisation Account?
Class 12 · Accountancy
→On dissolution of a partnership firm, which account summarizes the profit or loss arising from the realization of assets and settlement of liabilities?
Class 12 · Accountancy
→If a liability of ₹25,000 is settled for ₹24,200, what will be the effect on the Realisation Account?
Class 12 · Accountancy
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