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Class 12 · Accountancy
→On dissolution, if a partner takes over an unrecorded investment, what entry is made in the partner’s capital account?
Class 12 · Accountancy
→If a partner cannot pay the firm and does not have enough private assets then what is he called?
Class 12 · Accountancy
→How are a partner's private assets and private liabilities treated in the firm's accounts on dissolution?
Class 12 · Accountancy
→At the time of dissolution, if a partner settles a firm's liability using personal assets, what effect will this have on the partner's capital account?
Class 11 · Mathematics
→Which option represents the inequality whose solution set is \(x<6\)?
Class 12 · Accountancy
→Assets were ₹150000 and realised ₹164000. Liabilities were ₹55000 and paid at ₹59000. What is the result of Realisation Account?
Class 12 · Accountancy
→On dissolution, total assets at book value ₹220,000 were sold for ₹185,000. External liabilities of ₹75,000 were settled for ₹68,000. Realisation expenses were ₹4,000. What is the realisation result?
Class 12 · Accountancy
→Why are book values of assets debited to Realisation Account?
Class 12 · Accountancy
→Assets include debtors ₹72000 and provision ₹6000. Debtors realised ₹68000. What is the realisation result?
Class 12 · Accountancy
→At dissolution a partner took over advertising suspense account of ₹12000. What is the correct treatment?
Class 12 · Accountancy
→At dissolution machinery appears at ₹80000 and is sold for ₹62000. What will be the effect in Realisation Account?
Class 12 · Accountancy
→In the Realisation Account, what is the result when the sale proceeds of an asset are equal to its book value?
Class 12 · Accountancy
→What is the result when the cash received from assets is more than their book value in the Realisation Account?
Class 12 · Accountancy
→When an unrecorded asset is sold, on which side of the Realisation Account is the amount received recorded?
Class 12 · Accountancy
→If a firm’s assets are recorded in the books below their actual realizable value and their actual value is received at the time of dissolution, what will be the effect on the Realisation Account?
Class 12 · Accountancy
→If all the assets are sold at the time of dissolution, but an external liability is neither settled nor recorded in the Realisation Account, what will be the effect?
Class 12 · Accountancy
→At the time of dissolution, if an unrecorded asset is treated as having zero value and ignored despite having an actual value, what will be the effect?
Class 12 · Accountancy
→During dissolution, what will be the result if assets are distributed among the partners in an incorrect ratio instead of according to their correctly adjusted capital balances?
Class 12 · Accountancy
→If all assets are correctly recorded in the Realisation Account, but a major external liability is omitted from it and is paid later, what will be the effect on the final realisation profit?
Class 12 · Accountancy
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