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RELATED QUESTIONS

Accounting Treatment

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

AccountancyIf commission payable of ₹4,200 is recorded in the books for the first time, what will be its effect on the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyWhy is the amount brought in excess of required goodwill adjusted in the new partner's capital account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyWhy is it wrong to distribute the amount brought in excess of required goodwill among old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyIf a new partner brings more than his required goodwill how is the excess amount generally treated?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyWhy is opening a goodwill account avoided when it is not required?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyGoodwill is recorded in the books only when which condition is satisfied?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf the question says goodwill is not to be retained in books which entry should be avoided?Class 12Partnership Accounts - Basic ConceptsGoodwillHard AccountancyIf goodwill is not to be shown in the firms books but adjustment is needed on admission what is the usual method?Class 12Partnership Accounts - Basic ConceptsGoodwillHard AccountancyWhen goodwill already appears in the books and a new partner is admitted what is generally done first?Class 12Partnership Accounts - Basic ConceptsGoodwillHard AccountancyWhy is it not always considered proper to keep goodwill account permanently in books?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhen can purchased goodwill be recorded in the partnership firm's books?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhy is self generated goodwill generally not shown in books?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyIf a partner's capital account shows a credit balance and the firm has taken a separate loan from the same partner, which of the following statements is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf salary, commission and interest on capital appear in a partner's current account, how should they be treated when calculating the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyThe deed states that A will use personal vehicle for firm work and get Rs 8000 monthly allowance. Where will this allowance be shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed stipulates that accounts must be audited at the year end, what will be the nature of the audit fee?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed treats a partner’s personal expense as drawings, which account will be debited when the firm pays it?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhat is the strongest accounting benefit of writing partners rights and duties in the deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed mentions interest rate on capital then where is it shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy