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ExamTest.live has 1+ Realisation Journal Entries questions with detailed explanations, covering easy, medium, and hard difficulty levels.

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Which exams ask Realisation Journal Entries questions?

Realisation Journal Entries questions appear in Accountancy and other competitive exams.

Realisation Journal Entries Questions, MCQs & PYQs — Practice Free | ExamTest.live

About Realisation Journal Entries — practice questions, PYQs & concepts

Realisation Journal Entries is a frequently-tested topic on Accountancy. ExamTest.live currently lists 1 Realisation Journal Entries 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 Journal Entries weight in competitive exams

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

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Read the following case study carefully and answer the question:G, K, and B were partners running a partnership for the last 10 years, sharing profit and loss in the ratio of

5 : 3 : 2

. Post-Covid, their firm was affected badly and started incurring losses. On 31st March 2023, they all decided to dissolve the firm due to continuous losses. Their capital balances were

₹ 4, 00, 000

₹ 3, 00, 000

, and

₹ 2, 00, 000

respectively. The firm had liabilities of

₹ 80, 000

, Cash balance

₹ 40, 000

, other Sundry Assets

₹ 8, 50, 000

, and P&L A/c constituted the rest. Assets were realised at

80%

, and liabilities were paid in full. There was an unrecorded liability of

₹ 50, 000

, which was settled at

₹ 40, 000

. Realisation expenses amounted to

₹ 30, 000

, being paid by G on behalf of the firm. The journal entry for realization expenses in the above case study will be:

Frequently Asked Questions

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We have 1 Realisation Journal Entries questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.

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Which exams include Realisation Journal Entries questions?▼

Realisation Journal Entries questions are commonly asked in Accountancy. You can filter by exam using the links above.

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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.