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Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if an asset is sold for less than its book value, what will be the effect on the Realisation Account?
Class 12 · Accountancy
→If bank overdraft is not transferred to the Realisation Account but its payment is recorded, what will be the result?
Class 12 · Accountancy
→At the time of dissolution, if a partner takes over an asset at a value higher than its market value, what will be the effect on the Realisation Account?
Class 12 · Accountancy
→If a contingent liability crystallises and is also paid, but the payment is not recorded in the Realisation Account, what will be the effect on the profit of the Realisation Account?
Class 12 · Accountancy
→On dissolution of the firm, if an unrecorded asset of a certain amount is sold and an unrecorded liability of the same amount is paid, what will be the net effect on the profit or loss of the Realisation Account?
Class 12 · Accountancy
→Other things remaining the same, which of the following events will increase the profit on realisation?
Class 12 · Accountancy
→When, on dissolution of a partnership firm, all assets are sold immediately for cash, what will be the immediate effect?
Class 12 · Accountancy
→Final stage is
Class 12 · Accountancy
→At the time of dissolution, an asset has a book value of ₹80,000 and realises only ₹50,000. What will be the result in the Realisation Account?
Class 12 · Accountancy
→After the Realisation Account has been closed, how is an error or omitted item generally rectified?
Class 12 · Accountancy
→On dissolution of a firm, if all assets except cash are realised at their book values, all external liabilities are settled at their book values, and there are no realisation or dissolution expenses, what will be the result in the Realisation Account?
Class 12 · Accountancy
→What is the main objective of the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, if an asset is realised at an amount equal to its book value, what will be the effect in the Realisation Account for that asset?
Class 12 · Accountancy
→At the time of dissolution of a firm, to which account is the profit or loss arising from the Realisation Account ultimately transferred?
Class 12 · Accountancy
→If, at the time of dissolution of a firm, a liability is omitted from the Realisation Account, what will happen to the profit shown by the Realisation Account?
Class 12 · Accountancy
→On dissolution of a partnership firm, how are cash and bank balances treated in the Realisation Account?
Class 12 · Accountancy
→During the dissolution of a firm, if an asset remains unsold for the time being, what is the appropriate treatment?
Class 12 · Accountancy
→Why is the sale of assets recorded in the Realisation Account at the dissolution of a partnership firm?
Class 12 · Accountancy
→At the time of dissolution, if a creditor allows a discount on the amount due, what will be the effect on the Realisation Account?
Class 12 · Accountancy
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