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Capital Account

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

AccountancyIf old partners capital accounts are credited while writing off accumulated loss what will be the effect?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyOn the admission of a new partner, old partners A and B share profits and losses in the ratio of 13:7. The General Reserve is ₹80,000, and Preliminary Expenses of ₹20,000 are to be written off. What will be the net credit to the Capital Account of old partner A?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe old partners share profits in the ratio 3:4. The balance of Investment Fluctuation Reserve is ₹21,000 and preliminary expenses amount to ₹7,000. On the admission of a new partner, what will be the net effect on the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyThe Workmen Compensation Reserve is ₹1,20,000 and the claim against it is ₹85,000. At the time of admission of a new partner, old partners A and B share profits in the ratio of 4:3. What amount will be credited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyX and Y share profits and losses in the ratio of 7:5. On the admission of a new partner, a Reserve Fund of ₹84,000 is to be distributed in the old ratio, and Advertisement Suspense of ₹36,000 is to be written off. What net amount will be credited to Y’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA and B share profits and losses in the ratio 8:5. The firm has a net accumulated loss of ₹39,000. What amount will be debited to B’s Capital Account for this loss?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyAt the time of admission of a new partner, the Profit and Loss Account has a debit balance of ₹28,000. A and B share profits in the old ratio of 3:4. What amount will be debited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhen accumulated profits are distributed among the old partners on the admission of a new partner, why are their capital accounts credited?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyUnder fluctuating capital method where is accumulated loss debited?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyThe Profit and Loss Account has a debit balance of ₹42,000. The old partners share profits in the ratio of 3:4. On the admission of a new partner, how much will be debited to the second partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf the firm follows fluctuating capital method where will accumulated loss be debited?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyWhich account is debited in the journal entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyA firm's Profit and Loss Account has a debit balance of ₹18,000. Partners A and B share profits and losses in the old ratio of 5:4. What amount will be debited to A's Capital Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA, B and C are old partners sharing profits in the ratio 5:3:2. The Revaluation Account shows a profit of ₹1,20,000. What amount will be credited to C’s Capital Account from this profit?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIf Revaluation Account shows loss, on which side will it be recorded in old partners capital accounts?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf Revaluation Account shows profit, on which side will it be recorded in old partners capital accounts?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyX and Y share profits in the old ratio of 13:7. The Revaluation Account shows a loss of ₹80,000. How much will be debited to Y’s Capital Account in the old ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA, B and C share profits in the old ratio of 4 : 3 : 2. On the admission of a new partner, a revaluation profit of ₹72,000 is earned. How much will be credited to B’s capital account under the old ratio?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA, B and C are old partners sharing profits in the ratio 2:3:5. A revaluation profit of ₹80,000 is earned. How much of this profit will be credited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyA and B share profits in the old ratio of 11:4. A revaluation loss of ₹45,000 arises from the revaluation of assets. What will be the effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard