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Class 12 · Accountancy
→Why is a partner’s loan paid before returning the partner’s capital when a firm is dissolved?
Class 12 · Accountancy
→At the time of dissolution, an unrecorded liability of ₹6000 is paid in cash. What will be the effect in the Realisation Account?
Class 12 · Accountancy
→If the realisation loss is ₹18,000 and the partners’ profit-sharing ratio is 2:2:1, what amount of loss will be borne by the third partner?
Class 12 · Accountancy
→An asset had a book value of ₹40,000 and was sold for ₹47,000. What is the realisation profit on the disposal of the asset?
Class 12 · Accountancy
→On the dissolution of a firm, on which side of the Realisation Account are non-cash assets transferred?
Class 12 · Accountancy
→At the time of dissolution, a creditor of ₹15,000 is settled in full by paying ₹14,500. What will be the effect on the Realisation Account?
Class 12 · Accountancy
→A and B share profits in the ratio 4:1. On dissolution of the firm, the Realisation Account shows a profit of ₹25,000. What will be A’s share?
Class 12 · Accountancy
→On dissolution of the firm, a partner takes over an unrecorded asset for ₹9,000. What amount will be recorded in the Realisation Account?
Class 12 · Accountancy
→If the debit side of the Realisation Account is ₹98,000 and the credit side is ₹1,05,000, what will be the result of the Realisation Account?
Class 12 · Accountancy
→On the dissolution of a partnership firm, if the total credit of the Realisation Account is ₹86,000 and the total debit is ₹81,500, what is the realisation profit?
Class 12 · Accountancy
→An asset with a book value of ₹15,000 is sold for ₹14,000, and realization expenses of ₹500 are incurred. What is the net realization result?
Class 12 · Accountancy
→During dissolution, after which stage are the partners’ capital accounts settled?
Class 12 · Accountancy
→The total loss in the Realisation Account is ₹12,000. If the two partners share the loss in the ratio of 1:2, what amount of loss will be borne by the second partner?
Class 12 · Accountancy
→During the dissolution of a firm, what is generally the final balance of the bank account after realizing all assets, paying all liabilities, and settling the partners’ accounts?
Class 12 · Accountancy
→On dissolution of the firm, a creditor whose claim was ₹10,000 was paid ₹10,200. What will be the effect on the firm?
Class 12 · Accountancy
→On dissolution of a partnership firm, when the Realisation Account shows a loss, which account is debited for transferring that loss?
Class 12 · Accountancy
→What effect will payment of an unrecorded liability of ₹2,500 have on the Realisation Account?
Class 12 · Accountancy
→A and B share profits in the ratio 5:3. If a profit of ₹16,000 arises from realisation, what will be A’s share?
Class 12 · Accountancy
→At the dissolution of a partnership firm, assets with a book value of ₹24,000 were sold for ₹26,000, and realisation expenses amounted to ₹1,000. What is the net result of the Realisation Account?
Class 12 · Accountancy
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