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Realisation Questions

Practice 5 Realisation questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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5
Total Questions
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Easy
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Medium
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Hard
Practice by Exam:CUET Accountancy(4)Accountancy(1)

About Realisation — practice questions, PYQs & concepts

Realisation is a frequently-tested topic on CUET Accountancy, Accountancy. ExamTest.live currently lists 5 Realisation questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Realisation weight in competitive exams

Across our Realisation question bank, the largest sources are CUET Accountancy (4) and Accountancy (1). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 1 easy Realisation questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Realisation Questions(1–5 of 5)

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Q1hardmcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Match List-I with List-II:List-IList-II(A) Increase in assets at the time of retirement(I) Debit side of Realisation Account(B) Asset taken over by a partner at the time of dissolution(II) Credit side of Revaluation Account(C) Unrecorded Liability settled at the time of admission(III) Credit side of Realisation Account(D) Remuneration paid for realization of assets(IV) Debit side of Revaluation AccountChoose the correct answer from the options given below:
Q2mediummcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Comprehension:Read the following financial details carefully and answer the questions that follow.Following is the Balance Sheet of Ashwani and Bharat on March 31, 2024.Balance Sheet of Ashwani and Bharat as on March 31, 2024LiabilitiesAmount (₹)AssetsAmount (₹)Creditors Cash at bank Mrs. Ashwani's loan Stock Mrs. Bharat's loan Investments Investment Fluctuation Reserve Debtors Less: Provision for Doubtful Debts General Reserve Buildings Capitals:Ashwani: Bharat: Goodwill Total Total The firm was dissolved on that date under the following terms:Ashwani promised to pay Mrs. Ashwani’s loan and took away the stock for ₹ .Bharat took away half of the investments at less than book value.Debtors realized ₹ . Creditors were paid off at a discount of ₹ .Buildings realized ₹ . Goodwill realized ₹ , and the remaining investments were sold for ₹ .An old unrecorded typewriter was taken over by Bharat for ₹ .Realization expenses amounted to ₹ .If the net realization profit is ₹ , how will it be distributed between the partners?
Q3mediummcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Comprehension:Read the financial details from the preceding text carefully.What is the total amount realized from the sale/disposal of assets that will be debited to the Bank Account?
Q4hardmcqCUET AccountancyCUET Accountancy 2025 16 May Shift 12026
Comprehension:Read the financial details from the preceding text carefully.What is the total amount by which the Bank Account will be credited by the Realisation Account (representing cash outflows for liabilities and expenses)?
Q5easymcqAccountancyCUET Accountancy 2025 22 May Shift 22026
On the dissolution of a firm, creditors are transferred to:

Frequently Asked Questions

How many Realisation questions are on ExamTest.live?▼
We have 5 Realisation questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Realisation MCQs free?▼
Yes. All Realisation questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Realisation questions?▼
Realisation questions are commonly asked in CUET Accountancy, Accountancy. You can filter by exam using the links above.
How do I practice Realisation questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.