Total settlement is ₹70000 against liability of ₹75000. Lower payment gives ₹5000 realisation gain.
Step 2
Why this answer is correct
The correct answer is A. 5000 रुपये लाभ / ₹5000 gain. Total settlement is ₹70000 against liability of ₹75000. Lower payment gives ₹5000 realisation gain.
Step 3
Exam Tip
कुल भुगतान 70000 रुपये है जबकि देनदारी 75000 रुपये थी। कम भुगतान से 5000 रुपये वसूली लाभ होगा।
A. लेनदार डेबिट और बैंक क्रेडिट/Creditors debit and Bank credit
Step 1
Concept
Payment of external liability is shown on the debit side of Realisation Account. The liability is first transferred to Realisation Account.
Step 2
Why this answer is correct
The correct answer is A. लेनदार डेबिट और बैंक क्रेडिट / Creditors debit and Bank credit. Payment of external liability is shown on the debit side of Realisation Account. The liability is first transferred to Realisation Account.
Step 3
Exam Tip
बाहरी देनदारी का भुगतान वसूली खाते के डेबिट में दिखाया जाता है। पहले देनदारी वसूली खाते में स्थानांतरित की जाती है।
B. देनदारियों के निपटान का परिणाम जानने हेतु/To Determine Settlement Result
Step 1
Concept
This helps determine gain or loss from settling liabilities.
Step 2
Why this answer is correct
The correct answer is B. देनदारियों के निपटान का परिणाम जानने हेतु / To Determine Settlement Result. This helps determine gain or loss from settling liabilities.
Step 3
Exam Tip
देनदारियों के निपटान से होने वाले लाभ या हानि को जानने हेतु ऐसा किया जाता है।
A. वसूली खाता डेबिट और साझेदार पूंजी खाता क्रेडिट/Realisation Account debit and Partner Capital credit
Step 1
Concept
When a liability is settled Realisation Account is debited. Since the partner assumes it his capital is credited.
Step 2
Why this answer is correct
The correct answer is A. वसूली खाता डेबिट और साझेदार पूंजी खाता क्रेडिट / Realisation Account debit and Partner Capital credit. When a liability is settled Realisation Account is debited. Since the partner assumes it his capital is credited.
Step 3
Exam Tip
देनदारी निपटने पर वसूली खाता डेबिट होता है। साझेदार ने देनदारी ली इसलिए उसकी पूंजी क्रेडिट होती है।
Trade creditors are external liabilities so they go to Realisation Account. Partner's loan is settled separately.
Step 2
Why this answer is correct
The correct answer is A. केवल व्यापारिक लेनदार / Only trade creditors. Trade creditors are external liabilities so they go to Realisation Account. Partner's loan is settled separately.
Step 3
Exam Tip
व्यापारिक लेनदार बाहरी देनदारी हैं इसलिए वसूली खाते में जाते हैं। साझेदार का ऋण अलग से निपटाया जाता है।
Taking over creditors reduces the firm's liability. Therefore the partner's capital account will be credited.
Step 2
Why this answer is correct
The correct answer is A. तेरह हजार रुपये जमा / Credit ₹13,000. Taking over creditors reduces the firm's liability. Therefore the partner's capital account will be credited.
Step 3
Exam Tip
लेनदारों को अपने ऊपर लेना फर्म की देनदारी घटाता है। इसलिए साझेदार का पूंजी खाता जमा होगा।
By taking a liability, the partner reduces the firm's burden, so his capital account is credited. Credit the partner who assumes the liability.
Step 2
Why this answer is correct
The correct answer is A. जमा होगा / It will be credited. By taking a liability, the partner reduces the firm's burden, so his capital account is credited. Credit the partner who assumes the liability.
Step 3
Exam Tip
देनदारी लेने से साझेदार फर्म का बोझ कम करता है इसलिए उसका पूंजी खाता जमा होता है। परीक्षा में देनदारी लेने वाले को क्रेडिट करें।
Decrease in creditors by ₹22000 is a gain for the firm. When liability decreases Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is C. ₹22000 क्रेडिट / Credit ₹22000. Decrease in creditors by ₹22000 is a gain for the firm. When liability decreases Revaluation Account is credited.
Step 3
Exam Tip
ऋणदाताओं में ₹22000 की कमी फर्म के लिए लाभ है। देनदारी घटे तो पुनर्मूल्यांकन खाता क्रेडिट होता है।
Creditors decrease by ₹6500. Decrease in liability is a gain and Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is B. ₹6500 क्रेडिट / Credit ₹6500. Creditors decrease by ₹6500. Decrease in liability is a gain and Revaluation Account is credited.
Step 3
Exam Tip
ऋणदाताओं में ₹6500 की कमी हुई है। देनदारी घटने पर लाभ होता है और पुनर्मूल्यांकन खाता क्रेडिट होता है।
B. पुनर्मूल्यांकन खाता क्रेडिट ₹12500/Credit Revaluation Account ₹12500
Step 1
Concept
Discount from creditors reduces liability. Decrease in liability is a gain so Revaluation Account is credited.
Step 2
Why this answer is correct
The correct answer is B. पुनर्मूल्यांकन खाता क्रेडिट ₹12500 / Credit Revaluation Account ₹12500. Discount from creditors reduces liability. Decrease in liability is a gain so Revaluation Account is credited.
Step 3
Exam Tip
ऋणदाताओं से छूट मिलने पर देनदारी घटती है। देनदारी में कमी लाभ है इसलिए पुनर्मूल्यांकन खाता क्रेडिट होगा।
Decrease in debtors is a loss and equal decrease in creditors is a gain. Since both are equal the net effect is zero.
Step 2
Why this answer is correct
The correct answer is C. कोई लाभ या हानि नहीं / No profit or loss. Decrease in debtors is a loss and equal decrease in creditors is a gain. Since both are equal the net effect is zero.
Step 3
Exam Tip
देनदारों की कमी हानि है और ऋणदाताओं की कमी समान राशि का लाभ है। दोनों बराबर होने से शुद्ध प्रभाव शून्य है।
Building increase ₹60000 and creditors decrease ₹20000 are gains while machinery decrease ₹30000 is a loss. Net profit is ₹50000.
Step 2
Why this answer is correct
The correct answer is A. ₹50000. Building increase ₹60000 and creditors decrease ₹20000 are gains while machinery decrease ₹30000 is a loss. Net profit is ₹50000.
Step 3
Exam Tip
भवन वृद्धि ₹60000 और ऋणदाता कमी ₹20000 लाभ हैं जबकि मशीनरी कमी ₹30000 हानि है। शुद्ध लाभ ₹50000 है।
Decrease in liability is a gain for the firm. Therefore ₹10000 will be credited to Revaluation Account.
Step 2
Why this answer is correct
The correct answer is A. ₹10000 क्रेडिट / Credit ₹10000. Decrease in liability is a gain for the firm. Therefore ₹10000 will be credited to Revaluation Account.
Step 3
Exam Tip
देनदारी में कमी फर्म के लिए लाभ है। इसलिए पुनर्मूल्यांकन खाते में ₹10000 क्रेडिट होगा।
Decrease in stock is a loss of ₹26000 and decrease in creditors is a gain of ₹31000. Net profit is ₹5000.
Step 2
Why this answer is correct
The correct answer is A. (5000) रुपये लाभ / Profit ₹5000. Decrease in stock is a loss of ₹26000 and decrease in creditors is a gain of ₹31000. Net profit is ₹5000.
Step 3
Exam Tip
स्टॉक घटने से हानि (26000) रुपये है और लेनदार घटने से लाभ (31000) रुपये है। शुद्ध लाभ (5000) रुपये है।
Decrease in creditors is ₹5000 and it is a gain. Credit Revaluation Account when liability falls.
Step 2
Why this answer is correct
The correct answer is A. ₹5000 क्रेडिट / ₹5000 credit. Decrease in creditors is ₹5000 and it is a gain. Credit Revaluation Account when liability falls.
Step 3
Exam Tip
लेनदारों में कमी ₹5000 है और यह लाभ है। परीक्षा में देयता कम हो तो पुनर्मूल्यांकन क्रेडिट करें।
Increase in liability is a loss so revaluation account is debited. Record only the increase of ₹10000.
Step 2
Why this answer is correct
The correct answer is A. (10000) रुपये डेबिट / Debit ₹10000. Increase in liability is a loss so revaluation account is debited. Record only the increase of ₹10000.
Step 3
Exam Tip
दायित्व बढ़ने से हानि होती है इसलिए पुनर्मूल्यांकन खाते को डेबिट किया जाता है। केवल वृद्धि (10000) रुपये दर्ज करें।
Reduction in creditors by ₹2000 is a gain so it is credited to Revaluation Account. Liability decrease is a gain.
Step 2
Why this answer is correct
The correct answer is A. ₹2000 क्रेडिट / ₹2000 credit. Reduction in creditors by ₹2000 is a gain so it is credited to Revaluation Account. Liability decrease is a gain.
Step 3
Exam Tip
लेनदारों में ₹2000 की कमी लाभ है इसलिए पुनर्मूल्यांकन खाते में क्रेडिट होगी। परीक्षा में देयता कम होना लाभ है।
Only remuneration payable to the partner is treated as expense in Realisation Account. Actual expenses are borne by the partner.
Step 2
Why this answer is correct
The correct answer is A. 15000 रुपये / ₹15000. Only remuneration payable to the partner is treated as expense in Realisation Account. Actual expenses are borne by the partner.
Step 3
Exam Tip
वसूली खाते में साझेदार को देय पारिश्रमिक ही खर्च माना जाता है। वास्तविक खर्च साझेदार स्वयं वहन करता है।
Realisation expenses paid by the firm are debited to Realisation Account. They reduce realisation profit.
Step 2
Why this answer is correct
The correct answer is A. डेबिट पक्ष / Debit side. Realisation expenses paid by the firm are debited to Realisation Account. They reduce realisation profit.
Step 3
Exam Tip
फर्म द्वारा दिए गए वसूली खर्च वसूली खाते के डेबिट में जाते हैं। ये खर्च वसूली लाभ को घटाते हैं।
Realisation Account is a temporary nominal account and is closed at dissolution. After transferring profit or loss to capital accounts its balance is nil.
Step 2
Why this answer is correct
The correct answer is A. शून्य / Nil. Realisation Account is a temporary nominal account and is closed at dissolution. After transferring profit or loss to capital accounts its balance is nil.
Step 3
Exam Tip
वसूली खाता अस्थायी नाममात्र खाता है और भंग के अंत में बंद हो जाता है। अंतिम लाभ या हानि पूंजी खातों में बांटने के बाद शेष शून्य रहता है।
A. लाभ हानि खाते का डेबिट शेष/Debit balance of Profit and Loss Account
Step 1
Concept
Debit balance of Profit and Loss Account is accumulated loss and goes directly to capital accounts. Assets and external liabilities go to Realisation Account.
Step 2
Why this answer is correct
The correct answer is A. लाभ हानि खाते का डेबिट शेष / Debit balance of Profit and Loss Account. Debit balance of Profit and Loss Account is accumulated loss and goes directly to capital accounts. Assets and external liabilities go to Realisation Account.
Step 3
Exam Tip
लाभ हानि खाते का डेबिट शेष संचित हानि है और सीधे पूंजी खातों में जाता है। संपत्तियां और बाहरी देनदारियां वसूली खाते में जाती हैं।
A. क्योंकि वसूली खाता संपत्तियों के त्याग और वसूली की तुलना करता है/Because Realisation Account compares sacrifice of assets with realisation
Step 1
Concept
Book value of asset is the sacrifice base and proceeds are compared with it. This determines realisation profit or loss.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वसूली खाता संपत्तियों के त्याग और वसूली की तुलना करता है / Because Realisation Account compares sacrifice of assets with realisation. Book value of asset is the sacrifice base and proceeds are compared with it. This determines realisation profit or loss.
Step 3
Exam Tip
संपत्ति का पुस्तक मूल्य त्याग का आधार है और प्राप्ति उससे तुलना की जाती है। इससे वास्तविक वसूली लाभ या हानि निकलती है।
A. 30000 डेबिट और 42000 क्रेडिट/Debit ₹30000 and credit ₹42000
Step 1
Concept
A recorded policy is an asset so book value is debited and amount received is credited. This gives ₹12000 gain.
Step 2
Why this answer is correct
The correct answer is A. 30000 डेबिट और 42000 क्रेडिट / Debit ₹30000 and credit ₹42000. A recorded policy is an asset so book value is debited and amount received is credited. This gives ₹12000 gain.
Step 3
Exam Tip
पुस्तक में दर्ज पॉलिसी संपत्ति है इसलिए पुस्तक मूल्य डेबिट और प्राप्त राशि क्रेडिट में जाएगी। इससे 12000 लाभ बनेगा।
A. वसूली खाते के क्रेडिट में/Credit of Realisation Account
Step 1
Concept
Unrecorded asset has no book value but sale proceeds are credited to Realisation Account. It increases realisation profit.
Step 2
Why this answer is correct
The correct answer is A. वसूली खाते के क्रेडिट में / Credit of Realisation Account. Unrecorded asset has no book value but sale proceeds are credited to Realisation Account. It increases realisation profit.
Step 3
Exam Tip
अलिखित संपत्ति का कोई पुस्तक मूल्य नहीं होता पर प्राप्त राशि वसूली खाते के क्रेडिट में जाती है। यह वसूली लाभ बढ़ाती है।
C. दोनों को उनके पुस्तक मूल्य पर स्थानांतरित किया जाता है
Step 1
Concept
Both assets and liabilities are transferred at book value to Realisation Account. Core exam rule
Step 2
Why this answer is correct
The correct answer is C. दोनों को उनके पुस्तक मूल्य पर स्थानांतरित किया जाता है. Both assets and liabilities are transferred at book value to Realisation Account. Core exam rule
Step 3
Exam Tip
संपत्ति और देनदारी दोनों को उनके पुस्तक मूल्य पर प्राप्ति खाते में स्थानांतरित किया जाता है। यह सबसे महत्वपूर्ण आधार नियम है
Realisation Account records sale of assets and settlement of liabilities. Exam tip remember its dissolution use
Step 2
Why this answer is correct
The correct answer is A. संपत्तियों की बिक्री दर्ज करना. Realisation Account records sale of assets and settlement of liabilities. Exam tip remember its dissolution use
Step 3
Exam Tip
समापन में संपत्तियों की बिक्री और देनदारियों का निपटान दर्ज किया जाता है। परीक्षा में उद्देश्य स्पष्ट याद रखें
B gave a private asset for the firm so his capital account is credited. In exams treat private contribution as increase in capital.
Step 2
Why this answer is correct
The correct answer is B. रुपये 40000 क्रेडिट / Credit ₹40000. B gave a private asset for the firm so his capital account is credited. In exams treat private contribution as increase in capital.
Step 3
Exam Tip
ब ने फर्म के लिए निजी संपत्ति दी इसलिए उसका पूंजी खाता क्रेडिट होगा। परीक्षा में निजी योगदान को पूंजी वृद्धि समझें।
Decrease in liability is a gain. Therefore revaluation account will be credited by ₹15000.
Step 2
Why this answer is correct
The correct answer is A. (15000) रुपये क्रेडिट / Credit ₹15000. Decrease in liability is a gain. Therefore revaluation account will be credited by ₹15000.
Step 3
Exam Tip
दायित्व घटने से लाभ होता है। इसलिए पुनर्मूल्यांकन खाते को (15000) रुपये से क्रेडिट किया जाएगा।
Decrease in stock is a loss of ₹15000 and decrease in creditors is a gain of ₹10000. Net result is loss of ₹5000.
Step 2
Why this answer is correct
The correct answer is A. (5000) रुपये हानि / Loss ₹5000. Decrease in stock is a loss of ₹15000 and decrease in creditors is a gain of ₹10000. Net result is loss of ₹5000.
Step 3
Exam Tip
स्टॉक घटने से हानि (15000) रुपये है और लेनदार घटने से लाभ (10000) रुपये है। शुद्ध हानि (5000) रुपये होगी।
A. संपत्ति की वसूली क्रेडिट और देनदारी भुगतान डेबिट दोनों दिखाएं/Show asset realisation credit and liability payment debit both
Step 1
Concept
Direct adjustment still represents two separate events. Record both realisation of asset and settlement of liability in Realisation Account.
Step 2
Why this answer is correct
The correct answer is A. संपत्ति की वसूली क्रेडिट और देनदारी भुगतान डेबिट दोनों दिखाएं / Show asset realisation credit and liability payment debit both. Direct adjustment still represents two separate events. Record both realisation of asset and settlement of liability in Realisation Account.
Step 3
Exam Tip
सीधा समायोजन भी दो अलग घटनाएं हैं। वसूली खाते में प्राप्ति और देनदारी निपटान दोनों दर्ज करें।
भंग पर सभी संपत्तियां 220000 रुपये पुस्तक मूल्य पर हैं और 185000 रुपये में बिकीं। बाहरी देनदारियां 75000 रुपये थीं और 68000 रुपये में निपटीं। वसूली खर्च 4000 रुपये है। वसूली परिणाम क्या है?
Loss on assets is ₹35000 and gain on liabilities is ₹7000. After expenses ₹4000 the net loss is ₹32000.
Step 2
Why this answer is correct
The correct answer is A. 32000 रुपये हानि / ₹32000 loss. Loss on assets is ₹35000 and gain on liabilities is ₹7000. After expenses ₹4000 the net loss is ₹32000.
Step 3
Exam Tip
संपत्ति पर हानि 35000 है और देनदारी पर लाभ 7000 है। खर्च 4000 घटाने पर शुद्ध हानि 32000 है।
Sale proceeds received in cash or bank debit Bank Account and credit Realisation Account. In exams record proceeds at actual amount.
Step 2
Why this answer is correct
The correct answer is A. बैंक खाते के माध्यम से / Through Bank Account. Sale proceeds received in cash or bank debit Bank Account and credit Realisation Account. In exams record proceeds at actual amount.
Step 3
Exam Tip
नकद या बैंक से मिली बिक्री राशि बैंक खाते को डेबिट और वसूली खाते को क्रेडिट करती है। परीक्षा में प्राप्ति को हमेशा वास्तविक राशि पर लिखें।
Only actual cash received is credited in Realisation Account. Discount is not separately posted and is included in final result.
Step 2
Why this answer is correct
The correct answer is A. 29000 रुपये / ₹29000. Only actual cash received is credited in Realisation Account. Discount is not separately posted and is included in final result.
Step 3
Exam Tip
वसूली खाते में वास्तविक प्राप्त नकद ही क्रेडिट होती है। छूट अलग से नहीं बल्कि कुल परिणाम में शामिल होती है।
A. पेटेंट 60000 डेबिट होगा और कोई प्राप्ति क्रेडिट नहीं होगी/Patent ₹60000 will be debited and no proceeds credited
Step 1
Concept
Book value of worthless asset remains debited in Realisation Account and proceeds are nil. This increases realisation loss.
Step 2
Why this answer is correct
The correct answer is A. पेटेंट 60000 डेबिट होगा और कोई प्राप्ति क्रेडिट नहीं होगी / Patent ₹60000 will be debited and no proceeds credited. Book value of worthless asset remains debited in Realisation Account and proceeds are nil. This increases realisation loss.
Step 3
Exam Tip
बेकार संपत्ति का पुस्तक मूल्य वसूली खाते में डेबिट रहता है और प्राप्ति शून्य होती है। इससे वसूली हानि बढ़ती है।
Bills Payable is an external liability so it is transferred to the credit side of Realisation Account. Assets are transferred to the debit side.
Step 2
Why this answer is correct
The correct answer is A. देय बिल / Bills Payable. Bills Payable is an external liability so it is transferred to the credit side of Realisation Account. Assets are transferred to the debit side.
Step 3
Exam Tip
देय बिल बाहरी देनदारी है इसलिए वसूली खाते के क्रेडिट में जाएगा। संपत्तियां डेबिट में जाती हैं।
A. क्योंकि देनदारी से मुक्ति लाभकारी स्रोत की तरह ली जाती है/Because release from liability is treated like a benefit source
Step 1
Concept
Book value of liability is credited and its payment is debited. If paid for less it shows gain.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि देनदारी से मुक्ति लाभकारी स्रोत की तरह ली जाती है / Because release from liability is treated like a benefit source. Book value of liability is credited and its payment is debited. If paid for less it shows gain.
Step 3
Exam Tip
देनदारी का पुस्तक मूल्य क्रेडिट और उसका भुगतान डेबिट होता है। कम भुगतान होने पर लाभ दिखाई देता है।
A. साझेदारों के पूंजी खातों के डेबिट में/Debit of partners capital accounts
Step 1
Concept
Excess debit means realisation loss. It is debited to partners capital accounts in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. साझेदारों के पूंजी खातों के डेबिट में / Debit of partners capital accounts. Excess debit means realisation loss. It is debited to partners capital accounts in profit sharing ratio.
Step 3
Exam Tip
डेबिट अधिक होने पर वसूली हानि होती है। इसे साझेदारों के पूंजी खातों में लाभ अनुपात से डेबिट किया जाता है।
If credit side is higher it means profit from settlement of assets and liabilities. It is distributed among partners in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. वसूली लाभ / Realisation profit. If credit side is higher it means profit from settlement of assets and liabilities. It is distributed among partners in profit sharing ratio.
Step 3
Exam Tip
क्रेडिट पक्ष अधिक होने पर संपत्तियों और देनदारियों के निपटान से लाभ होता है। इसे साझेदारों में लाभ अनुपात में बांटते हैं।
A. क्योंकि यह साझेदार के व्यक्तिगत ऋण खाते में निपटता है/Because it is settled through partner's loan account
Step 1
Concept
Partner's loan remains in a separate account and is paid through Bank. Realisation Account is for external liabilities.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह साझेदार के व्यक्तिगत ऋण खाते में निपटता है / Because it is settled through partner's loan account. Partner's loan remains in a separate account and is paid through Bank. Realisation Account is for external liabilities.
Step 3
Exam Tip
साझेदार का ऋण अलग खाते में रहता है और भुगतान बैंक से उस खाते को किया जाता है। वसूली खाता बाहरी देनदारियों के लिए है।
A. इन्हें वसूली खाते में स्थानांतरित नहीं किया जाएगा/They will not be transferred to Realisation Account
Step 1
Concept
Cash and Bank are already liquid funds so they are not transferred to Realisation Account. They are used to record receipts and payments.
Step 2
Why this answer is correct
The correct answer is A. इन्हें वसूली खाते में स्थानांतरित नहीं किया जाएगा / They will not be transferred to Realisation Account. Cash and Bank are already liquid funds so they are not transferred to Realisation Account. They are used to record receipts and payments.
Step 3
Exam Tip
नकद और बैंक पहले से उपलब्ध तरल धन हैं इसलिए वसूली खाते में स्थानांतरित नहीं होते। इनसे भुगतान और प्राप्तियां दर्ज होती हैं।
A. क्योंकि यह संचित लाभ है संपत्ति या बाहरी देनदारी नहीं/Because it is accumulated profit not an asset or external liability
Step 1
Concept
Reserves and profit balances are distributed directly through partners capital accounts. Realisation Account is only for assets and external liabilities.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह संचित लाभ है संपत्ति या बाहरी देनदारी नहीं / Because it is accumulated profit not an asset or external liability. Reserves and profit balances are distributed directly through partners capital accounts. Realisation Account is only for assets and external liabilities.
Step 3
Exam Tip
संचय और लाभ हानि शेष सीधे साझेदारों के पूंजी खातों में बांटे जाते हैं। वसूली खाता केवल संपत्ति और बाहरी देनदारियों के लिए है।
