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Realisation Account Questions

Practice 13 Realisation Account questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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13
Total Questions
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8
Easy
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5
Medium
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0
Hard
Practice by Exam:Accountancy(11)CUET Accountancy(2)

About Realisation Account — practice questions, PYQs & concepts

Realisation Account is a frequently-tested topic on Accountancy, CUET Accountancy. ExamTest.live currently lists 13 Realisation Account 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 Account weight in competitive exams

Across our Realisation Account question bank, the largest sources are Accountancy (11) and CUET Accountancy (2). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 8 easy Realisation Account 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 Account Questions(1–13 of 13)

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Q1mediummcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
Identify the item credited to Realisation Account in the event of dissolution of a partnership firm.
Q2easymcqAccountancyCUET Accountancy 2022 15 July Shift 22026
0% accuracy
All assets (except Cash/Bank and fictitious assets) are transferred to the _______ side of _______ account.
Q3easymcqAccountancyCUET Accountancy 2023 11 June Shift 32026
Realisation A/c is debited with __________ on the dissolution of firm.
Q4easymcqAccountancyCUET UG 2024 Accountancy Question Paper (17-May-2024) (Shift 3)2026
On dissolution of a firm, bank overdraft is transferred to:
Q5easymcqAccountancyCUET Accountancy 2025 13 May Shift 22026
When unrecorded liabilities are settled and paid at the time of dissolution of a partnership firm, they are recorded on the:
Q6mediummcqAccountancyCUET 2025 31 May Shift 12026
Unrecorded liabilities when paid are shown in:
Q7mediummcqAccountancyCUET Accountancy2026
When a partnership firm undergoes dissolution, the Balance of the Investment Account and the Balance of the Investment Fluctuation Fund Account shown in the Firm's Balance Sheet are transferred respectively into:
Q8easymcqAccountancyCUET Accountancy2026
On dissolution of a firm, bank overdraft is transferred to:
Q9easymcqAccountancyCUET Accountancy2026
Unrecorded assets when taken over by a partner are shown on the:
Q10easymcqAccountancyCUET Accountancy 2025 30 May Shift 22026
On the dissolution of a firm, the Creditors are transferred to:
Q11easymcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
Arrange the sequence of steps to be followed in the preparation of a Realisation Account during the dissolution of a partnership firm:(A) Realisation of the assets.(B) Transfer assets and liabilities to realisation account.(C) Ascertainment of profit or loss on realisation.(D) Payment of liabilities.Choose the correct answer from the options given below:
Q12mediummcqCUET AccountancyCUET Accountancy 2025 2 June Shift 22026
When unrecorded debtors are realized at the time of dissolution of a partnership firm, they will be recorded on the:
Q13mediummcqAccountancyCUET Accountancy 2025 3 June Shift 22026
At the time of the Dissolution of a Partnership Firm, which statement is not false (i.e., true)?

Frequently Asked Questions

How many Realisation Account questions are on ExamTest.live?▼
We have 13 Realisation Account questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Realisation Account MCQs free?▼
Yes. All Realisation Account questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Realisation Account questions?▼
Realisation Account questions are commonly asked in Accountancy, CUET Accountancy. You can filter by exam using the links above.
How do I practice Realisation Account 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.