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Class 12 · Accountancy
→What arises when an asset is sold for more than its book value?
Class 12 · Accountancy
→At the time of dissolution, furniture is sold for ₹7,000. In which account will the sale proceeds be credited?
Class 12 · Accountancy
→What is the main use of the Bank Account at the time of dissolution of a partnership firm?
Class 12 · Accountancy
→During dissolution, if total receipts are ₹20,000 and total payments are ₹12,000, what will be the balance between receipts and payments?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, on which side of the Realisation Account is cash received from the sale of assets recorded?
Class 12 · Accountancy
→What happens to the partnership relationship among the partners after the dissolution of the partnership firm?
Class 12 · Accountancy
→At the time of dissolution of the firm, stock is sold for ₹15,000. What amount will be received from this sale?
Class 12 · Accountancy
→When are the partners’ capital accounts closed on the dissolution of a partnership firm?
Class 12 · Accountancy
→What is the main objective of dissolving a partnership firm?
Class 12 · Accountancy
→During the dissolution of the firm, what will be the effect on the cash balance when a liability of ₹5,000 is paid?
Class 12 · Accountancy
→At the time of dissolution, which of the following assets is generally not transferred to the Realisation Account?
Class 12 · Accountancy
→What does the final balance of the Realisation Account indicate?
Class 12 · Accountancy
→After the dissolution of a firm, to whom is the cash remaining after settling all external liabilities and partners’ claims distributed?
Class 12 · Accountancy
→On dissolution of a partnership firm, in which account and on which side is the amount received from the sale of stock recorded?
Class 12 · Accountancy
→What happens to the existence of a firm after its dissolution and closure?
Class 12 · Accountancy
→In which account are expenses incurred on the dissolution of a partnership firm debited?
Class 12 · Accountancy
→During dissolution, if the machinery is sold for ₹12,000, how much cash will be received?
Class 12 · Accountancy
→At the time of dissolution of a firm, the available cash balance is generally not transferred to which account?
Class 12 · Accountancy
→On dissolution of a firm, to whom and in what ratio is the loss on the Realisation Account transferred?
Class 12 · Accountancy
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