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Class 12 · Accountancy
→At the time of dissolution, if the total debit balance of the Realisation Account exceeds its total credit balance, what will be the result?
Class 12 · Accountancy
→At the time of dissolution of the firm, which of the following accounts is not transferred to the Realisation Account?
Class 12 · Accountancy
→If an asset is revalued before the dissolution of the firm and its revised value is recorded in the books, at which value will it be transferred to the Realisation Account?
Class 12 · Accountancy
→During the dissolution of a firm, realisation expenses of ₹5,000 paid in cash were debited to a partner’s Capital Account instead of the Realisation Account. What will be the effect on the realisation profit?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, if a partner brings additional capital in cash to meet the firm's liabilities, which account will be credited?
Class 12 · Accountancy
→On dissolution of a partnership firm, which item is transferred first to the debit side of the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, if a partner takes over an asset at zero value, what does this indicate?
Class 12 · Accountancy
→What is the main effect of incorrect valuation of assets or liabilities in the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a firm, what entry is made in the Realisation Account when a partial amount is received for an asset?
Class 12 · Accountancy
→At the time of dissolution, on selling an asset, on which side of the Realisation Account is the sale proceeds recorded?
Class 12 · Accountancy
→At the time of dissolution, if an external liability of the firm is waived by the creditor, what effect will it have on the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution, an unrecorded liability of ₹10,000 is discovered and paid in cash. What will be the accounting treatment?
Class 12 · Accountancy
→Final balance is transferred to
Class 12 · Accountancy
→At the time of dissolution, if an asset has been recorded at an overstated book value and is realised at its actual value, what will be the effect on the Realisation Account?
Class 12 · Accountancy
→At the time of dissolution of a firm, how is unearned income (income received in advance) generally treated in the Realisation Account?
Class 12 · Accountancy
→On the dissolution of a partnership firm, to which account is the commission paid for the sale of an asset debited?
Class 12 · Accountancy
→At the time of dissolution of the firm, how is the bank balance treated in the Realisation Account?
Class 12 · Accountancy
→When a partner lends money to the firm, how is the amount recorded in the firm's books?
Class 12 · Accountancy
→At the time of dissolution of a firm, how is a loan given by a partner treated in the Realisation Account?
Class 12 · Accountancy
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