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Class 12 · Accountancy · Expert
→A partner is entitled to ₹10000 commission for realisation work and he paid actual expenses of ₹7000. What will be recorded in the firm's books?
Class 12 · Accountancy · Expert
→Realisation expenses of ₹6000 were paid by Mohan personally and the firm did not reimburse him. What is the correct accounting treatment?
Class 12 · Accountancy · Expert
→Realisation expenses of ₹5000 are paid by the firm. What is the correct side in Realisation Account?
Class 12 · Accountancy · Expert
→At dissolution a partner took over advertising suspense account of ₹12000. What is the correct treatment?
Class 12 · Accountancy · Expert
→Firm investments are ₹70000. Partner Arun took them over for ₹78000. How is gain reflected in Realisation Account?
Class 12 · Accountancy · Expert
→A partner took over stock of ₹30000 for ₹24000. Realisation Account will be credited by which amount?
Class 12 · Accountancy · Expert
→If debtors have book value ₹40000 and ₹36000 is collected from them then which side of Realisation Account is affected?
Class 12 · Accountancy · Expert
→Creditors are ₹50000 at dissolution and are paid in full. Which entry is correct in Realisation Account?
Class 12 · Accountancy · Expert
→At dissolution machinery appears at ₹80000 and is sold for ₹62000. What will be the effect in Realisation Account?
Class 12 · Accountancy · Expert
→What is the main purpose of Realisation Account when a partnership firm is dissolved?
Class 12 · Accountancy · Expert
→In the Realisation Account, an asset with a book value of ₹80,000 is realised for only ₹50,000. What will be the final effect?
Class 12 · Accountancy · Expert
→When realisation expenses are paid by a creditor instead of through the bank and the amount is adjusted against the creditor’s claim, what is the correct accounting entry?
Class 12 · Accountancy · Expert
→In the Realisation Account, what is the result when the sale proceeds of an asset are equal to its book value?
Class 12 · Accountancy · Expert
→On what basis is profit or loss determined in the Realisation Account?
Class 12 · Accountancy · Expert
→What is the main objective of the Realisation Account of a partnership firm?
Class 12 · Accountancy · Expert
→At the time of dissolution, if an asset is realised for an amount equal to its book value, what result will be recorded in the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, if all external liabilities are paid in full, what will be the result in relation to the Realisation Account?
Class 12 · Accountancy · Expert
→At the time of dissolution, if a partner personally bears the realisation expenses without claiming reimbursement from the firm, what entry will be passed in the books?
Class 12 · Accountancy · Expert
→How are expenses recorded
Class 12 · Accountancy · Expert
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