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Class 12 · Accountancy
→At the time of dissolution of a firm, which of the following assets is generally not transferred to the Realisation Account?
Class 12 · Accountancy
→On dissolution of a partnership firm, what can be the final result of the Realisation Account?
Class 12 · Accountancy
→After settling external liabilities and the partners’ claims at dissolution, to whom is the remaining cash distributed?
Class 12 · Accountancy
→If an asset is sold for ₹9,000, what will be recorded in the Realisation Account?
Class 12 · Accountancy
→Dissolution expenses are generally recorded in which account?
Class 12 · Accountancy
→What generally happens to the business when a partnership firm is dissolved?
Class 12 · Accountancy
→On dissolution of the firm, a machine is sold for ₹15,000 in cash. How much cash will the firm receive from this transaction?
Class 12 · Accountancy
→On dissolution of a firm, when other assets are transferred, cash and bank balances are generally not transferred to which account?
Class 12 · Accountancy
→What is done with the loss arising from realisation on the dissolution of a firm?
Class 12 · Accountancy
→On dissolution of a partnership firm, to which account is the realisation profit transferred?
Class 12 · Accountancy
→On dissolution of a partnership firm, whose claims are paid first out of the proceeds from the assets?
Class 12 · Accountancy
→Which special account is opened on the dissolution of a partnership firm to determine the profit or loss arising from the settlement of its assets and external liabilities?
Class 12 · Accountancy
→What is the process of selling the assets and converting them into cash at the time of dissolution of a firm called?
Class 12 · Accountancy
→What is meant by dissolution of a partnership firm?
Class 12 · Accountancy
→On what basis is the amount remaining after paying external liabilities and partners’ loans distributed among the partners?
Class 12 · Accountancy
→In the dissolution of a partnership firm, what does closing the business mean?
Class 12 · Accountancy
→What can be the result of the Realisation Account at the time of dissolution of a partnership firm?
Class 12 · Accountancy
→After paying all external liabilities and partners’ loans, if a cash balance of ₹5,000 remains on dissolution of the firm, to whom will this amount be paid?
Class 12 · Accountancy
→On dissolution, what is paid first, before the partners’ capital is returned?
Class 12 · Accountancy
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