3 Realisation Expense questions from CUET Accountancy 2025 22 May Shift 2 with detailed answers and explanations. Free previous year questions and MCQs.
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Years:2026 (3)
Realisation Expense โ CUET Accountancy 2025 22 May Shift 2(1โ3 of 3)
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Q1mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
In case of dissolution, a Machine costing Rs.ย 20,000, along with cash of Rs.ย 5,000 were given to creditors of Rs.ย 30,000 in full settlement of their claim.In this case, Realisation A/c will be Debited with:
Q2mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
When realisation expenses are paid by the firm on behalf of a partner, such expenses are debited to:
Q3mediummcqAccountancyCUET Accountancy 2025 22 May Shift 22026
Ram, a partner, has been assigned the responsibility for realization of assets and settlement of liability for which he will be given remuneration of โน 10,000. He has to bear all the realization expenses. Actual realization expenses are โน 12,000. The Journal Entry will be: