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Accounting Basics

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhat is the usual effect of a poor business reputation on a firm’s goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyIn a partnership goodwill adjustment, if A was entitled to receive a share of goodwill but did not actually receive the amount, what entry will be made in A's capital account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf a partner's drawings were recorded in the books in excess, what entry will correct his account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIn adjustment entries, why is a partner's account credited when he receives less profit than his entitled share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyWhen a partner has been paid more than his rightful share of profit, why is his partner account debited during adjustments?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf interest on capital is debited to the appropriation account, what is the corresponding entry in the partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf A takes goods from the firm for personal use valued at Rs 6,000, which account will be debited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyWhat is the main purpose of adjustments in partnership accounts?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyInterest on drawings given is Rs 2,300 for A and Rs 1,700 for B. What will be the total credit in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf a reserve is to be created during profit distribution, what is done before sharing profits among partners?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhen profits are distributed, how is a partner's share of profit shown in the partner's account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf the net profit is Rs 1,00,000 and a reserve of 10% is to be created, how much will be deducted before distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf the partnership deed is silent about interest on drawings, should interest on drawings be charged?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn which account is the salary paid to partners shown before the distribution of profits?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf total credit items in a partner's account are Rs 56,000 and total debit items are Rs 63,000, what will be the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIn the format of a partner's Capital Account, if the opening capital balance is a normal credit, on which side of the account is it recorded?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf the opening capital is Rs 25,000 and drawings are Rs 4,000, what is the remaining capital when there are no other adjustments?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIf A's profit share is Rs 7,000, on which side of A's capital account will it be recorded?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIf A invested Rs 50,000 as capital, which side of A's capital account will be affected?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhat does a credit balance in a capital account usually indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy