Realisation Account
2 previous year questions.
High-Yield Trend
Chapter Questions 2 MCQs
Ekam and Akash were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2024 the Balance Sheet of the firm was as follows: 
The firm was dissolved on above date and the assets and liabilities were settled as follows:
(a) Land and Building was taken over by the creditors as their full and final payment.
(b) Ekam accepted an unrecorded asset of ₹50,000 in full settlement of his loan.
(c) Furniture was taken over by Akash for cash payment at 5% less than the book value.
(d) Debtors were collected by a debt collection agency at a cost of ₹10,000.
(e) Bills Receivable realised ₹1,41,000.
(f) Akash agreed to bear all realization expenses. For this service Akash is to be allowed ₹1,000. Actual expenses on realization ₹2,000 was paid by Akash.
Prepare Realisation Account.
About Realisation Account - PSEB-XII
Realisation Account is a vital chapter for PSEB-XII aspirants. Mastering the concepts covered in this chapter is essential for securing a top rank.
By rigorously practicing the previous year questions associated with this chapter, you can identify high-yield topics, understand the examiner's perspective, and boost your confidence during the actual exam.
Frequently Asked Questions
Why focus on Realisation Account PYQs?
Analyzing PYQs for this specific chapter reveals the most frequently tested concepts and the typical complexity of questions, allowing you to tailor your study plan efficiently.
How to best use this analysis?
Review the topic breakdown to see which sub-topics within Realisation Account carry the most weight. Then, tackle the questions iteratively to solidify your understanding.