Search questions
Choose which content to search, then combine terms with AND or OR.
Class 12 · Accountancy · Expert
→At the time of dissolution, if an unrecorded asset is taken over by a partner at an agreed value, which journal entry is correct?
Class 12 · Accountancy · Expert
→At the time of dissolution, if the sale consideration of an asset has not yet been received, how is it treated in the Realisation Account?
Class 12 · Accountancy · Expert
→On dissolution of a firm, if an unrecorded asset is taken over by a partner, which entry is made in the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, if the firm’s total assets and external liabilities are equal in amount, the assets are realised at their book value, the liabilities are settled at their book value, and there are no realisation or dissolution expenses, what will be the result in the Realisation Account?
Class 12 · Accountancy · Expert
→At the dissolution of a firm, to which account is the profit arising from the realisation of assets transferred?
Class 12 · Accountancy · Expert
→On dissolution of a firm, if the amount required to pay the liabilities in full exceeds the amount realised from the assets, what will be the result in the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, at what value are assets generally transferred to the Realisation Account?
Class 12 · Accountancy · Expert
→During the dissolution of a firm, when the remaining assets are sold for cash, what is the effect on the cash/bank balance?
Class 12 · Accountancy · Expert
→At the time of dissolution, how is the amount received from the sale of assets recorded in the Realisation Account?
Class 12 · Accountancy · Hard
→During the dissolution of a partnership firm, if the cash available after realising the assets is insufficient to pay the external liabilities, what is generally done?
Class 12 · Accountancy · Hard
→When an asset is sold below its book value at the time of dissolution of a firm, what result is recorded in the Realisation Account?
Class 12 · Accountancy · Hard
→If assets sell at higher value result is
Class 12 · Accountancy · Hard
→At the time of dissolution of a partnership firm, if the amount realized from assets is insufficient to pay the liabilities and realization expenses, what will be recorded in the Realisation Account?
Class 12 · Accountancy · Hard
→At the time of dissolution, after recording all entries relating to the realisation of assets and the settlement or transfer of liabilities, what does a credit balance in the Realisation Account indicate?
Class 12 · Accountancy · Hard
→At the time of dissolution of a partnership firm, what is the effect on the Realisation Account when an asset is sold for less than its book value?
Class 12 · Accountancy · Hard
→At the time of dissolution of a partnership firm, what is the effect on the Realisation Account when an asset is sold for more than its book value?
Class 12 · Accountancy · Hard
→At the time of dissolution, if an asset remains unsold and a partner takes it over at an agreed value, which journal entry will be passed in the Realisation Account?
Class 12 · Accountancy · Hard
→At the time of dissolution of a partnership firm, at which value are non-cash assets transferred to the Realisation Account?
Class 12 · Accountancy · Medium
→What is the main purpose of including unrecorded assets and liabilities in the Realisation Account at the time of dissolution of a firm?
Class 12 · Accountancy · Medium
→