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Class 12 · Accountancy · Easy
→At the time of dissolution, at what value are the assets transferred to the Realisation Account?
Class 12 · Accountancy · Easy
→What is determined from the disposal of assets at the dissolution of a partnership firm?
Class 12 · Accountancy · Easy
→At the time of dissolution of a partnership firm, when an asset is sold for cash, on which side of which account is the sale proceeds recorded?
Class 12 · Accountancy · Easy
→At the time of dissolution of a partnership firm, on which side of the Realisation Account are the proceeds from the sale of assets recorded?
Class 12 · Accountancy · Easy
→At what value are the assets of a partnership firm transferred to the Realisation Account?
Class 12 · Accountancy · Easy
→At the time of dissolution of a partnership firm, to which account are the real (non-cash) assets and external liabilities transferred?
Class 12 · Accountancy · Expert
→Which of the following items is generally not transferred to the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, an unrecorded asset is realised for ₹9,000 and an unrecorded liability of ₹3,000 is paid. What will be the net effect on the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, an unrecorded asset of the firm was realised for ₹5,000. What will be the accounting effect?
Class 12 · Accountancy · Expert
→At the dissolution of a partnership firm, an unrecorded asset was realised for ₹10,000 and an unrecorded liability was paid at ₹2,000. What will be the net effect on the Realisation Account?
Class 12 · Accountancy · Expert
→If an unrecorded asset is realised for ₹18,000 and has no book value, how will it be treated in the accounts?
Class 12 · Accountancy · Expert
→An unrecorded asset was realised for ₹12,000. If the asset had a book value of zero, what will be its accounting effect at the time of dissolution?
Class 12 · Accountancy · Expert
→In the Realisation Account, old furniture was sold for ₹15,000, resulting in a loss of ₹2,000. If realisation expenses amounted to ₹3,000, what will be the net effect on the Realisation Account?
Class 12 · Accountancy · Expert
→On dissolution of a partnership firm, settlement of liabilities resulted in a gain of ₹7000, while the sale of assets resulted in a loss of ₹2500. What will be the net result?
Class 12 · Accountancy · Expert
→When an unrecorded asset is sold on dissolution of a partnership firm, as what type of item is the amount received recorded in the Realisation Account?
Class 12 · Accountancy · Expert
→An unrecorded asset is sold for ₹12,500. On which side of the Realisation Account will this transaction be recorded?
Class 12 · Accountancy · Hard
→If assets with a book value of ₹125000 are sold for ₹119000 and realisation expenses are ₹2000 what is the overall realisation result?
Class 12 · Accountancy · Hard
→On dissolution of a partnership firm, in which account are all gains or losses arising from the realisation of assets and settlement of liabilities accumulated?
Class 12 · Accountancy · Hard
→At the time of dissolution, when an unrecorded asset is taken over by a partner, which account is credited?
Class 12 · Accountancy · Hard
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