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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।

AccountancyAt the time of admission, the old partners’ profit-sharing ratio is 6:3:1. If a revaluation loss of ₹50,000 is incurred, what amount will be debited to the capital account of the second old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyThe Revaluation Account shows a profit of ₹42,000. The old partners share profits in the ratio 5:4:3. What amount of this profit will be credited to the capital account of the third old partner?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn a partnership firm, A and B share profits in the old ratio of 3:2. The revaluation of assets results in a profit of ₹25,000. What amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyRevaluation loss is ₹33,000. Old partners A, B and C share in old ratio 4:3:2. What will be the effect on A’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share profits in the old ratio of 4:1. The Revaluation Account shows a loss of ₹25,000. What will be the effect on A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyA and B share profits and losses in the ratio of 7:5. A revaluation loss of ₹96,000 is incurred. By how much will A’s Capital Account be debited?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B share profits and losses in the ratio 8:2. A revaluation profit of ₹75,000 is earned. What amount will be credited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyA and B are partners sharing profits and losses in the ratio of 3:5. A loss of ₹48,000 arises in the Revaluation Account. What amount will be debited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyUnder fluctuating capital method revaluation loss will be debited to which account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyA and B share profits and losses in the ratio 6:4. A revaluation profit of ₹65,000 is realised. How much will be credited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhere is revaluation profit recorded under fluctuating capital method?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyOld partners A and B share profits and losses in the ratio of 5:4. If a revaluation loss of ₹36,000 arises, what amount will be debited to A’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf old partners A and B share profits and losses in the ratio of 3:1 and a revaluation profit of ₹28,000 arises, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf capital accounts are fluctuating then where will revaluation loss go?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyUnder fluctuating capital method if the new partner does not bring goodwill in cash through which account can adjustment generally be made?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyA new partner’s share of goodwill is ₹18,000. If he brings ₹12,000 in cash against it, what remaining amount will be adjusted through his capital account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhat is the effect on old partners' capital accounts while writing off old goodwill?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyAt the time of reconstitution, goodwill of ₹25,000 recorded in the books is to be written off in the old ratio of 4:1. What amount will be debited to the first partner’s capital account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhich account is debited while distributing premium for goodwill to old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyOn which side of old partners' capital accounts is goodwill adjustment recorded when they receive compensation for sacrifice?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium