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Class 12 · Accountancy
→In the Realisation Account, what does it indicate when a partner takes over an asset at zero value?
Class 12 · Accountancy
→At the time of dissolution of a firm, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?
Class 12 · Accountancy
→When an unrecorded liability is discovered and paid during the dissolution of a firm, what effect will it have on the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if an amount lower than the actual proceeds from an asset is credited to the Realisation Account, what will be the effect?
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
→At the time of dissolution of a partnership firm, if a profit arises from the sale of an asset, to which account is it transferred?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, how is bank overdraft treated in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if an external liability is mistakenly recorded twice in the Realisation Account and the error is not rectified, what will be the effect?
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 realisation expenses are recorded in the Realisation Account at an amount higher than the actual amount, what will be the final effect?
Class 12 · Accountancy
→In the Realisation Account, what does taking over an asset at zero value generally indicate?
Class 12 · Accountancy
→During the dissolution of a firm, if an external liability is only partially paid and the remaining amount is not waived, what happens to the balance?
Class 12 · Accountancy
→At the time of dissolution, if the amount realised from an asset is less than its book value, what result will be recorded in the Realisation Account?
Class 12 · Accountancy
→During the dissolution of a firm, if a liability is legally extinguished and no payment is required, what effect will it have on the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, if an asset recorded in the books cannot be realised and becomes useless, what is the correct treatment in the Realisation Account?
Class 12 · Accountancy
→If all transactions are correct but a contingent gain is wrongly included what is the effect on final result
Class 12 · Accountancy
→At the time of dissolution, an asset with a book value of ₹40,000 was sold for ₹30,000, but it was mistakenly recorded at zero value in the Realisation Account. What will be the effect?
Class 12 · Accountancy
→If all entries in the Realisation Account are correct but the profit from realisation is distributed in the wrong profit-sharing ratio, what will be the result?
Class 12 · Accountancy
→If a partner’s personal expense is mistakenly debited to the Realisation Account, what will be its effect on the profit of the Realisation Account?
Class 12 · Accountancy
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