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Class 12 · Accountancy
→At the time of dissolution of a firm, what type of item is stock?
Class 12 · Accountancy
→At the time of dissolution, a liability recorded at ₹17,000 is settled for ₹17,600. What will be the result of this transaction?
Class 12 · Accountancy
→At the 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, a firm’s machinery had a book value of ₹50,000 and was sold for ₹54,000. What profit arose from this transaction?
Class 12 · Accountancy
→In which account are all cash receipts and payments during the dissolution of a firm recorded?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, what is the usual effect of the amount realised from an unrecorded asset?
Class 12 · Accountancy
→While closing the business, partners A and B share profits in the ratio 4:3. If the total profit is ₹14,000, what will be B's share?
Class 12 · Accountancy
→At the time of dissolution of a firm, which of the following items is recorded on the debit side of the Realisation Account?
Class 12 · Accountancy
→If ₹16,000 cash remains after settling all the firm's liabilities and the partners' claims, to whom will this amount be distributed?
Class 12 · Accountancy
→On dissolution of a partnership firm, in which account is the settlement of external liabilities recorded?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, furniture had a book value of ₹18,000 and was sold for ₹21,000. What profit arises from this transaction?
Class 12 · Accountancy
→At the time of dissolution of a firm, which of the following payments is not treated as a realisation expense?
Class 12 · Accountancy
→If the total loss in the Realisation Account is ₹6000 and the partners share profits and losses in the ratio of 1:1, how much loss will be transferred to each partner’s account?
Class 12 · Accountancy
→When is a partner’s loan repaid relative to external liabilities?
Class 12 · Accountancy
→If all the firm’s external liabilities have been fully settled, what is the next use of the available amount?
Class 12 · Accountancy
→On dissolution of a firm, which accounts are closed after all adjustments and final settlement are completed?
Class 12 · Accountancy
→At the time of dissolution of a firm, if an unrecorded liability of ₹3,000 is paid, what type of item is it considered?
Class 12 · Accountancy
→On dissolution of the firm, to which account is the profit arising from the Realisation Account transferred?
Class 12 · Accountancy
→Where is the effect of cash realised from assets reflected?
Class 12 · Accountancy
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