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Class 12 · Accountancy
→Partners A and B share profits in the ratio 3:2. Realisation profit is ₹50,000. How much will be credited to A’s capital account?
Class 12 · Accountancy
→Debit side of Realisation Account exceeds credit side by ₹27000. Where will it be transferred?
Class 12 · Accountancy
→Credit side of Realisation Account exceeds debit side by ₹32000. What does it mean?
Class 12 · Accountancy
→Asset sold for ₹90000. Selling expenses of ₹4000 were borne by the buyer. What entry for expenses is made by the firm in Realisation Account?
Class 12 · Accountancy
→An asset is subject to a mortgage loan of ₹15000. The asset is sold for ₹50000 and the buyer takes over the loan. What cash receipt is considered in Realisation Account?
Class 12 · Accountancy
→If Joint Life Policy is not recorded in books and ₹25000 is received then what entry is made?
Class 12 · Accountancy
→Joint Life Policy appears at ₹30000 and ₹42000 is received. What is the effect in 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 debtors are ₹50000 and provision for doubtful debts is ₹4000. If debtors realise ₹46000 then what is the correct treatment?
Class 12 · Accountancy
→If liabilities include partner's loan and trade creditors then which one is transferred to Realisation Account?
Class 12 · Accountancy
→Partner's loan is ₹60000. Why is it not transferred to Realisation Account on dissolution?
Class 12 · Accountancy
→Loan from a partner's wife is ₹40000. Where will it be transferred on dissolution?
Class 12 · Accountancy
→Employees provident fund is ₹25000. To which account will it be transferred on dissolution?
Class 12 · Accountancy
→Cash ₹12000 and Bank ₹18000 appear on asset side. What is their treatment in Realisation Account?
Class 12 · Accountancy
→General reserve is ₹48000. Why is it not transferred to Realisation Account on dissolution?
Class 12 · Accountancy
→An unrecorded liability of ₹11,000 was paid at dissolution. What is the correct treatment?
Class 12 · Accountancy
→An unrecorded asset was sold for ₹18000. How will it be shown in Realisation Account?
Class 12 · Accountancy
→Creditors were ₹75000. They accepted stock of ₹20000 and cash of ₹50000 in full settlement. What is the result in Realisation Account?
Class 12 · Accountancy
→Bank loan of ₹90000 was settled for ₹84000 on dissolution. What is the result in Realisation Account?
Class 12 · Accountancy
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