CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B

Read and download free pdf of CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm in PDF format prepared as per the latest syllabus and examination pattern in your schools. Class 12 students should practice questions and answers given here for Accountancy in Class 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by teachers as per the latest Accountancy books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests

Worksheet for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm

Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Part 1 Chapter 5 Dissolution of Partnership Firm in Class 12. This test paper with questions and answers for Class 12 will be very useful for exams and help you to score good marks

Class 12 Accountancy Worksheet for Part 1 Chapter 5 Dissolution of Partnership Firm

Question. A partnership firm is compulsorily dissolved) :
(a) When the business of the firm is declared illegal
(b) When a partner of the firm dies
(c) When a partner of the firm becomes insolvent
(d) When a partner transfers his share to some other person without the consent of other partners

Answer: A

Question. Sundry Creditors amounted to Rs.8,000. These were paid at a discount of 5%.
Realisation account will be debited by
(a) Rs.8,000
(b) Rs.7,600
(c) Rs.400
(d) Rs. 8,400

Answer: B

Question. On dissolution of a firm, its Balance Sheet revealed total creditors Rs.50,000; Total Capital Rs.48,000; Cash Balance Rs.3,000. Its assets were realised at 12% less. Loss on realisation will be :
(a) Rs.6,000
(b) Rs. 11,760
(c) Rs. 11,400
(d) Rs.3,600

Answer: C

Question. When a Partner dies, amount due to him will be paid to:
(a) Gainer partner
(b) His Executor
(c) Remaining Partners
(d) None of the options

Answer: B

Question. 30.Sundry creditors amounted to ₹ 8,000. They were paid at a discount of 5 %. Realisation A/c will be debited by :
(a) ₹ 8,000
(b) ₹ 7,600
(c) ₹ 400
(d) ₹ 8,400

Answer: B

Question. P, a partner, is to bear all expenses of realisation for which he is to be paid Rs.2,000. P had to pay realisation expenses of Rs.2,500. How much amount will be debited to Realisation Account?
(a) Rs.500
(b) Rs.2,500
(c) Rs.4,500
(d) Rs.2,000

Answer: D

Question. On dissolution of the firm, amount received from sale of unrecorded asset is credited to :
(a) Partner’s Capital Accounts
(b) Profit and Loss Account
(c) Realisation Account
(d) Cash Account

Answer: C

Question. At the time of dissolution^ partner gives his personal asset to firm's creditor in settlement, the account credited will be
(a) Realisation A/c.
(b) Partner's Capital A/c.
(c) Cash A/c.
(d) Creditor's A/c.

Answer: B

Question. In case of dissolution, assets are transferred to Realisation Account:
(a) At Market Value
(b) Cost or Market Value, whichever is lower
(c) At Book Value
(d) None of the Above

Answer: C

Question. After transferring liabilities like creditors and bills payables in the realisation account, in the absence of any information regarding then payment, such liabilities are treated as
(a) Fully paid
(b) Partly paid
(c) Never Paid
(d) None of the options

Answer: A

Question. On dissolution of the firm, partners capital accounts are closed through
(a) Bank account
(b) Drawings account
(c) Realisation account
(d) Partners capital account

Answer: A

Question. W, X, Y and Z are equal partners, W, X and Z died together in plane crash, this accidents results in
(a) Dissolution of partnership
(b) Dissolution of partnership as well as firm
(c) Dissolution of firm
(d) None of the options

Answer: B

Question. Anukalp and Karan are partners with the capital of Rs. 25000 and 15000 respectively, Interest payable on capital is 10% P.A, find the Interest on capital for both the partners when the profits earned by the firm is Rs 2400
(a) 1500 and 900
(b) 2500 and 1500
(c) 1200 and 1500
(d) None of the options

Answer: A

Question. Calculate on interest on drawing @ 12% p.a for Abhishek if he withdraw Rs. 2000 once in month
(a) 1220
(b) 1320
(c) 1440
(d) 1300

Answer: C

Question. On firm’s dissolution, a partner undertook firm’s creditors at Rs. 17,000. In this case the account will be credited :
(a) Creditors A/c
(b) Cash A/c
(c) Realisation A/c
(d) Partner’s Capital A/c

Answer: D

Question. Change in the existing agreement between the partners is called :
(a) Dissolution of Firm
(b) Dissolution of Partnership
(c) Dissolution of Business
(d) All of the Above

Answer: B

Question. There was an Unrecorded asset of Rs.2,000 which was taken over by a partner at Rs. 1,500. Partner’s Capital Account will be debited by ............
(a) Rs.2,000
(b) Rs. 1,500
(c) Rs.500
(d) Rs.3,500

Answer: B

Question. On dissolution of a firm, a partner’s capital account has a credit balance of Rs.42,000. His share of profit in realisation account is Rs. 9,000. He has paid firm’s realisation expenses Rs.3,000. He will finally get a payment of:
(a) Rs.39,000
(b) Rs.42,000
(c) Rs.54,000
(d) Rs.48,000

Answer: C

Question. On dissolution, if a partner pays firm's liability which ofthe following account is debited?
(a) Profit and Loss Account
(b) Realisation Account.
(c) Partner's Capital Account
(d) Cash Account

Answer: B

Question. Investments of Rs. 2,00,000 were not shown in the books. One of the creditors took these investments in settlement of his debt of Rs. 2,20,000. How much amount will be payable to that creditor?
(a) Rs. 20,000
(b) Rs. 2,20,000
(c) Rs. 4,20,000
(d) Nil

Answer: D

Question. Which of the following is transferred to Realisation Account :
(a) Balance of Cash Account
(b) Balance of Profit & Loss Account
(c) Amount realised on sale of assets
(d) Reserves

Answer: C

Class_12_Accountancy _Worksheet_2

Please click the link below to download full pdf file for CBSE Class 12 Accountancy Dissolution of Partnership Firm (2).

Part 1 Chapter 01 Accounting for Not-for-Profit Organisation
CBSE Class 12 Accountancy Accounting for Not-for-Profit Organisation Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Debentures Worksheet
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet

More Study Material

CBSE Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm Worksheet

We hope students liked the above worksheet for Part 1 Chapter 5 Dissolution of Partnership Firm designed as per the latest syllabus for Class 12 Accountancy released by CBSE. Students of Class 12 should download in Pdf format and practice the questions and solutions given in the above worksheet for Class 12 Accountancy on a daily basis. All the latest worksheets with answers have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their class tests and examinations. Studiestoday is the best portal for Class 12 students to get all the latest study material free of cost.

Worksheet for Accountancy CBSE Class 12 Part 1 Chapter 5 Dissolution of Partnership Firm

Expert teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. If you download the practice worksheet for one chapter daily, you will get higher and better marks in Class 12 exams this year as you will have stronger concepts. Daily questions practice of Accountancy worksheet and its study material will help students to have a stronger understanding of all concepts and also make them experts on all scoring topics. You can easily download and save all revision worksheet for Class 12 Accountancy also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the worksheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers

Part 1 Chapter 5 Dissolution of Partnership Firm worksheet Accountancy CBSE Class 12

All worksheets given above for Class 12 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can be rest assured that the answers have been also provided by our teachers for all worksheet of Accountancy so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 12 Accountancy in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Accountancy students have been given on studiestoday.

Part 1 Chapter 5 Dissolution of Partnership Firm CBSE Class 12 Accountancy Worksheet

Regular worksheet practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Part 1 Chapter 5 Dissolution of Partnership Firm concepts. Worksheets play an important role in developing an understanding of Part 1 Chapter 5 Dissolution of Partnership Firm in CBSE Class 12. Students can download and save or print all the worksheets, printable assignments, and practice sheets of the above chapter in Class 12 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter.

Worksheet for CBSE Accountancy Class 12 Part 1 Chapter 5 Dissolution of Partnership Firm

CBSE Class 12 Accountancy best textbooks have been used for writing the problems given in the above worksheet. If you have tests coming up then you should revise all concepts relating to Part 1 Chapter 5 Dissolution of Partnership Firm and then take out a print of the above worksheet and attempt all problems. We have also provided a lot of other Worksheets for Class 12 Accountancy which you can use to further make yourself better in Accountancy

Where can I download latest CBSE Printable worksheets for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm

You can download the CBSE Printable worksheets for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm for latest session from StudiesToday.com

Can I download the Printable worksheets of Part 1 Chapter 5 Dissolution of Partnership Firm Class 12 Accountancy in Pdf

Yes, you can click on the links above and download Printable worksheets in PDFs for Part 1 Chapter 5 Dissolution of Partnership Firm Class 12 for Accountancy

Are the Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm Printable worksheets available for the latest session

Yes, the Printable worksheets issued for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm have been made available here for latest academic session

How can I download the Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm Printable worksheets

You can easily access the links above and download the Class 12 Printable worksheets Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm for each chapter

Is there any charge for the Printable worksheets for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm

There is no charge for the Printable worksheets for Class 12 CBSE Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm you can download everything free

How can I improve my scores by solving questions given in Printable worksheets in Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm

Regular revision of practice worksheets given on studiestoday for Class 12 subject Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm can help you to score better marks in exams

Are there any websites that offer free test sheets for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm

Yes, studiestoday.com provides all latest NCERT Part 1 Chapter 5 Dissolution of Partnership Firm Class 12 Accountancy test sheets with answers based on the latest books for the current academic session

Can test papers for Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm be accessed on mobile devices

Yes, studiestoday provides worksheets in Pdf for Part 1 Chapter 5 Dissolution of Partnership Firm Class 12 Accountancy in mobile-friendly format and can be accessed on smartphones and tablets.

Are worksheets for Part 1 Chapter 5 Dissolution of Partnership Firm Class 12 Accountancy available in multiple languages

Yes, worksheets for Part 1 Chapter 5 Dissolution of Partnership Firm Class 12 Accountancy are available in multiple languages, including English, Hindi

What is the importance of worksheets for CBSE Class 12 Accountancy?

CBSE Class 12 Accountancy worksheets help students practice all concepts given in their books, improve problem-solving skills, and prepare effectively for CBSE exams

What topics are covered in CBSE Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm worksheets?

CBSE Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm worksheets cover all topics as per the latest syllabus for current academic year.

How can I use worksheets to improve my Class 12 Accountancy scores?

Regular practice with Class 12 Accountancy worksheets can help you understand all concepts better, you can identify weak areas, and improve your speed and accuracy.

Are there solved examples in Class 12 Accountancy worksheets?

All worksheets for Class 12 Accountancy and for Part 1 Chapter 5 Dissolution of Partnership Firm have solved questions with step by step guide for each solution

How often should I practice Class 12 Accountancy Part 1 Chapter 5 Dissolution of Partnership Firm worksheets?

Practice atleast one worksheet of Part 1 Chapter 5 Dissolution of Partnership Firm every day for Class 12 Accountancy