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Accounting Error

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

AccountancyInterest of ₹12,500 should have been recorded in the Loan Account, but only ₹9,500 was recorded. What is the effect on profit and liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyProfit and Loss debit balance ₹72,000 was written off in capital ratio 5:4 instead of old ratio 3:1. What was the effect on the second partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA partner's commission of Rs 9,000 was omitted from the books. What will be the effect on the remaining profit to be distributed among partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyPartner salary of Rs 18,000 was wrongly credited to the Appropriation Account although it should have been debited. By how much will the remaining profit be overstated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyInterest on drawings of Rs 11,000 was wrongly debited to the appropriation account. It should have been credited. By how much will distributable profit be understated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf partner commission Rs 12000 is wrongly credited to appropriation account though it should be debited what is the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on capital is wrongly credited to the Profit and Loss Appropriation Account, what is the effect on available profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyUnder the fixed-capital method, a return of capital of Rs 30,000 is treated as ordinary drawings and debited to the current account. What is the error?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard