Question:
Unrecorded assets when taken over by a partner on dissolution are shown in:
Unrecorded assets when taken over by a partner on dissolution are shown in:
Updated On: Mar 27, 2025
- Debit of Realisation Account
- Debit of Bank Account
- Credit of Realisation Account
- Credit of Bank Account
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The correct option is (C): Credit of Realisation Account
Was this answer helpful?
0
0
Top Questions on Receipts & Payment Account
- Steps in sequence in the preparation of Receipt and Payment Account will be:
1. Find out the difference between the total of debit side and the total of credit side
2. Show the total amounts of all receipts on debit side
3. Take the opening balance of cash in hand and bank and enter on the debit side
4. Show the total amounts of all payments on credit side
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Accountancy
- Receipts & Payment Account
- Sunny and Rohan were partners in a firm sharing profits and losses in the ratio of 2 : 1. Their books showed that the capital employed on 31st March, 2023 was Rs.7,00,000.
The average profits earned by the firm were Rs.90,000.
Calculate the value of goodwill on the basis of 5 years purchase of super profits assuming that the normal rate of return is 10%.- CBSE CLASS XII - 2024
- Accountancy
- Receipts & Payment Account
- Ruchika and Harshita were partners in a firm. Ruchika had withdrawn Rs.9,000 at the end of each quarter throughout the year. The interest to be charged on Ruchika’s drawings at 6% p.a. will be:
- CBSE CLASS XII - 2024
- Accountancy
- Receipts & Payment Account
- Mahi, Ruhi, and Ginni are partners in a firm sharing profits and losses in the ratio of 6 : 4 : 1. Mahi guaranteed a profit of Rs.50,000 to Ginni. Net profit for the year ending 31 superscript{st March, 2023, was Rs.1,10,000. Mahi’s share in the profit of the firm after giving the guaranteed amount to Ginni will be:}
- CBSE CLASS XII - 2024
- Accountancy
- Receipts & Payment Account
- Amount of interest to be charged on Hitesh’s drawings will be:
- CBSE CLASS XII - 2024
- Accountancy
- Receipts & Payment Account
View More Questions
Questions Asked in CUET exam
- If 75$\%$ of a first-order reaction gets completed in 32 minutes, the time taken for 50$\%$ completion of this reaction is:
- CUET (UG) - 2024
- Order of reaction
- Two parallel plate capacitors of capacitances 2 \(\mu F\) and 3 \(\mu F\) are joined in series and the combination is connected to a battery of V volts. The values of potential across the two capacitors \(V_1\) and \(V_2\) and energy stored in the two capacitors \(U_1\)and \(U_2\) respectively are related as_____
Fill in the blank with the correct answer from the options given below- CUET (UG) - 2024
- Electrostatics
- What will be the next number in the series:
3, 6, 10.5, 17, 26, ?- CUET (UG) - 2024
- Sequence and Series
- If the matrix\(\begin{bmatrix}0 & -1 & 3x\\1 & y & -5\\-6 & 5 & 0 \end{bmatrix} \)is skew-symmetric, then the value of 5x−y is:
- CUET (UG) - 2024
- Matrices
- Match List-I with List-II:
- CUET (UG) - 2024
- Haloalkanes and Haloarenes
View More Questions