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Class 12 · Accountancy
→At the time of dissolution, which ratio is mainly used to distribute the profit or loss arising from realisation?
Class 12 · Accountancy
→On the dissolution of a partnership firm, the realisation loss is ₹9,000 and the partners share profits and losses in the ratio 1:2. What is the second partner’s share of the loss?
Class 12 · Accountancy
→On dissolution of a firm, in which account is the amount received from the sale of investments recorded?
Class 12 · Accountancy
→At the time of dissolution, if a partner takes over a firm's asset at the agreed value of ₹12,000, what will be the effect on his capital account?
Class 12 · Accountancy
→At the time of dissolution, to which side of the Realisation Account are external liabilities transferred?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, a liability of ₹22,000 is settled for ₹21,500. What is the gain on this settlement?
Class 12 · Accountancy
→What does the final balance of a partner’s capital account indicate on the dissolution of the firm?
Class 12 · Accountancy
→In which account and on which side is the amount received from the sale of an unrecorded asset recorded?
Class 12 · Accountancy
→On dissolution of a partnership firm, the total realisation profit is ₹18,000 and the partners’ profit-sharing ratio is 5:4. What share of the realisation profit will the first partner receive?
Class 12 · Accountancy
→Which of the following items is not transferred to the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, on which side of the Realisation Account is realisation expense of ₹2,500 recorded?
Class 12 · Accountancy
→Upon dissolution of a partnership firm, which of the following claims is settled last out of the amount realised from the firm’s assets?
Class 12 · Accountancy
→At the time of dissolution, the agreed value of an asset taken over by a partner is recorded on the credit side of which account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, how is a bank overdraft classified?
Class 12 · Accountancy
→At the time of dissolution of a firm, an asset with a book value of ₹42,000 is sold for ₹40,000. What is the loss on this sale?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, what is the primary purpose of preparing the Realisation Account?
Class 12 · Accountancy
→If a partner pays the realisation expenses from personal funds and does not claim reimbursement from the firm, which entry will be passed in the firm’s books?
Class 12 · Accountancy
→At the time of dissolution of a firm, in which ratio are accumulated losses transferred to the partners’ capital accounts?
Class 12 · Accountancy
→At the time of dissolution, a creditor whose liability was ₹15,000 was settled in full by paying ₹14,500. What gain did the firm earn from this transaction?
Class 12 · Accountancy
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