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Class 12 · Accountancy · Hard
→If the total credit side of the Realisation Account is ₹90,000 and the total debit side is ₹84,000, what will be the result on dissolution of the firm?
Class 12 · Accountancy · Hard
→At the dissolution of a firm, to which account are the external liabilities appearing in the books transferred?
Class 12 · Accountancy · Hard
→At the time of dissolution, a partner takes over a machine with a book value of ₹30,000 for ₹28,000. What will be the result in the Realisation Account?
Class 12 · Accountancy · Hard
→On dissolution of a firm, to which account is the profit from the Realisation Account ultimately transferred?
Class 12 · Accountancy · Hard
→If an unrecorded asset is sold for ₹7,000, which entry will be made in the Realisation Account?
Class 12 · Accountancy · Hard
→What is the primary purpose of preparing the Bank Account at the time of dissolution of a partnership firm?
Class 12 · Accountancy · Hard
→At the time of dissolution, creditors of ₹18,000 are settled in full by paying ₹17,500. What gain does the firm earn from this transaction?
Class 12 · Accountancy · Hard
→At what value are assets transferred to the Realisation Account?
Class 12 · Accountancy · Hard
→A and B share profits in the ratio 3:2. If the firm incurs a realisation loss of ₹10,000 on dissolution, what will be A’s share of the loss?
Class 12 · Accountancy · Hard
→If a partner personally pays dissolution expenses of ₹3,000 and the firm later reimburses him, which account will be credited?
Class 12 · Accountancy · Hard
→At the time of dissolution of a partnership firm, an asset has a book value of ₹22,000 and is sold for ₹27,000. What is the profit on realisation?
Class 12 · Accountancy · Hard
→On dissolution of the firm, on which side of the Realisation Account is the payment of an unrecorded liability recorded?
Class 12 · Accountancy · Hard
→On dissolution of a partnership firm, a realisation profit of ₹18,000 was earned. If the partners’ profit-sharing ratio is 2:1, how much will be transferred to the first partner’s account?
Class 12 · Accountancy · Hard
→At the time of dissolution, a book liability of ₹12,000 was settled for ₹11,000. What effect will this have on the Realisation Account?
Class 12 · Accountancy · Hard
→At the time of dissolution, machinery having a book value of ₹50,000 was sold for ₹46,000. What will be the effect in the Realisation Account?
Class 12 · Accountancy · Medium
→What is the final objective to ensure in the dissolution process?
Class 12 · Accountancy · Medium
→In the context of closing a firm, which process indicates the complete end of the business and the settlement of its assets?
Class 12 · Accountancy · Medium
→If no cash remains after paying the partnership firm’s external liabilities and dissolution expenses, what will the partners receive toward their capital?
Class 12 · Accountancy · Medium
→On what basis is profit on realisation determined?
Class 12 · Accountancy · Medium
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