# profit on realisation account is transferred by transferor company to

### Mohammed

Guys, does anyone know the answer?

get profit on realisation account is transferred by transferor company to from screen.

Question

In case of profit on realisation, we pass an entry for transfer-

Open in App Solution

The correct option is **B**

Realisation A/c Dr, To Partner’s capital A/c

In case of profit on realisation, we pass an entry for transfer-

**Realisation A/c Dr, To Partner’s capital A/c**

Adjustment in Partner's Capital A/c

Standard XII Accountancy

Suggest Corrections 9

## In case of profit on realisation, A/c is debited and A/c is credited.

Click here👆to get an answer to your question ✍️ In case of profit on realisation, A/c is debited and A/c is credited.

Question

## In case of profit on realisation, ________ A/c is debited and ________ A/c is credited.

**A**

## Partner's Capital (Individually), Realisation

**B**

## Realisation, Partner's Capital (Individually)

**C**

## Realisation, Bank

**D**

## Bank, Partner's Capital

Hard Open in App Solution Verified by Toppr

Correct option is B)

## Realisation account is prepared at the time of dissolution of a firm to know the profit/loss at the time of dissolution of the firm. All assets except cash/bank are transferred to the debit side of realisation account. In case any asset has a corresponding provision or reserve that is transferred to the credit side of realisation account. Similarly, all outside liabilities like creditors and loans etc. are transferred to the credit side of realisation account. After this money received on sale of assets are recorded on the credit side of realisation account and all payments made to outside parties are recorded on the debit side of realisation account. Realisation A/c is debited while Partner's Capital (Individually) A/c is credited for transfer of profit on realisation.

Was this answer helpful?

15 2

## Profit or loss of realisation account is transferred to :

Profit or loss of realisation account is transferred to :

Home > English > Class 12 > Accounts > Chapter >

Dissolution Of A Partnership Firm

>

Profit or loss of realisation ...

Profit or loss of realisation account is transferred to :

Updated On: 27-06-2022

00 : 30

UPLOAD PHOTO AND GET THE ANSWER NOW!

Text Solution A

Profit &Loss Account

B

Capital accounts of partners

C Balance sheet D None of the above Answer

The correct Answer is B

Answer

Step by step solution by experts to help you in doubt clearance & scoring excellent marks in exams.

## Related Videos

94839993 48 2.2 K 4:16

LiCl की घनीय एकक कोष्ठिका (NaCl सदृश) की कोर का मान

5.14Å 5.14Å

है । ऋणायन-ऋणायन सम्पर्क को संज्ञान में लेते हुए

C l − Cl-

आयन की आयनिक त्रिज्या है :

94832664 300 1.9 K 4:39

एक व्यापारी 4 थैले चावल और 10 थैले गेहूँ 3600 में खरीदता है । वह चावल को 10 % लाभ पर तथा गेहूँ को 2 % हानि पर बेचता है तथा इससे उसका कुल लाभ 120 है । एक थैले चावल और एक थैले गेहूँ का क्रय मूल्य ज्ञात कीजिए ।

643555398 0 4.0 K 4:38

A person sold (1)/(3) article at profit of 14 % (3)/(5) ,articles at profit of 17(1)/(2)% and rest at profit of 20%. Find his total profit %.

643555407 0 8.6 K 2:04

After adding 40% profit on its manufacturing cost a seller decided to sell his product for Rs 700. As selling of products was very low he decided to sell products at the profit of 10% . Find its new S.P. ?

643341330 400 8.9 K 3:31

C.P. of 12 oranges is equal to S.P. of 9 oranges and discount of 10 oranges is equal to profit of 5 oranges . Find the difference between profit % and discount offered.

112168636 0 8.7 K 1:46

दो या दो से अधिक पदार्तो का समांगी मिश्रण कहलाता है .

Show More Comments

Add a public comment...

Follow Us:

Popular Chapters by Class:

Class 6 Algebra

Basic Geometrical Ideas

Data Handling Decimals Fractions Class 7

Algebraic Expressions

Comparing Quantities

Congruence of Triangles

Data Handling

Exponents and Powers

Class 8

Algebraic Expressions and Identities

Comparing Quantities

Cubes and Cube Roots

Data Handling

Direct and Inverse Proportions

Class 9

Areas of Parallelograms and Triangles

Circles Coordinate Geometry Herons Formula

Introduction to Euclids Geometry

Class 10

Areas Related to Circles

Arithmetic Progressions

Circles Coordinate Geometry

Introduction to Trigonometry

Class 11 Binomial Theorem

Complex Numbers and Quadratic Equations

Conic Sections

Introduction to Three Dimensional Geometry

Limits and Derivatives

Class 12

Application of Derivatives

Application of Integrals

Continuity and Differentiability

Determinants

Differential Equations

Privacy Policy

Terms And Conditions

Disclosure Policy Contact Us

Guys, does anyone know the answer?