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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 goodwill is raised in books in which ratio are partners' capital accounts credited when the question gives no special instruction?Class 12Partnership Accounts - Basic ConceptsGoodwillHardAccountancyIf old partners withdraw the whole goodwill premium what will be the later entry in capital accounts?Class 12Partnership Accounts - Basic ConceptsGoodwillHardAccountancyIf old partners allow goodwill premium to remain in the firm what will be the effect on their capital accounts?Class 12Partnership Accounts - Basic ConceptsGoodwillHardAccountancyA, B and C share profits in the ratio of 4:3:2. On B’s retirement, A and C agree to share future profits in the ratio of 5:4. The firm’s goodwill is ₹540000. What amount will be credited to B’s Capital Account for goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyIn case of death of a partner to which account is his share of goodwill credited?Class 12Partnership Accounts - Basic ConceptsGoodwillHardAccountancyIf a new partner brings goodwill in cash and an old partner immediately withdraws his share, what sequence appears in the old partner's capital account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMediumAccountancyA, B and C share profits in the ratio 3:2:1. B retires, and the new profit-sharing ratio of A and C is 4:1. The firm's goodwill is ₹3,60,000. Assuming goodwill is adjusted through the partners' capital accounts, what amount will be credited to B's Capital Account?Class 12Partnership Accounts - Basic ConceptsGoodwillExpertAccountancyIf old partners withdraw the goodwill premium brought by a new partner which account is debited?Class 12Partnership Accounts - Basic ConceptsGoodwillHardAccountancyThe deceased partner's share of goodwill is credited to which account?Class 12Partnership Accounts - Basic ConceptsGoodwillEasyAccountancyTo whom is the deceased partner's share of goodwill credited?Class 12Partnership Accounts - Basic ConceptsGoodwillEasyAccountancyWhich item is credited to a partner's capital or current account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyWhich item is debited to a partner's capital or current account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyUnder fluctuating capital method B's opening capital is ₹250000. Profit share is ₹60000 interest on capital is ₹20000 drawings are ₹70000 and interest on drawings is ₹5000. What is the closing capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyPartner A paid a firm expense of ₹16,000 from his personal bank account. The profit had already been determined, and this expense was not recorded in the books. What is the correct double effect?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyThe firm paid ₹12,000 for partner A’s personal expense in cash but recorded it as a business expense. What effect will the rectifying entry have on A’s account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA partner brought a vehicle worth Rs 75000 into the firm as capital. Which account will be credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyIf a partner brings a machine of Rs 40000 into the firm as capital which account will be credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyIn 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 ConceptsAdjustmentsEasyAccountancyIf interest on capital is omitted under fluctuating method which account of the concerned partner is credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasyAccountancyIf the fluctuating capital method is followed, in which account will an omitted drawing be recorded?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy

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