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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।

AccountancyShare of loss of Rs 11000 was credited to partners account. The correct treatment was debit. What is the wrong effect on closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyBs closing capital is Rs 92000. Opening capital Rs 85000 profit share Rs 18000 interest on drawings Rs 1000 and additional capital Rs 5000. What were drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a partner took goods for personal use and cost price is Rs 8000 while selling price is Rs 10000. At what value will drawings generally be debited in capital account when the question gives cost?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf capital account has a credit balance but current account has a larger debit balance what may be the partners overall position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a partners loan is wrongly added to capital account what is the main presentation error?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyAs capital account is Rs 220000 credit and current account is Rs 18000 debit. If the firm also separately owes A a loan of Rs 20000 what is total liability towards A?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA brought a personal asset into the firm as capital whose correct value was Rs 60000 but it was recorded at Rs 50000. By how much will As capital be understated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder the fluctuating capital method, a partner's salary has been omitted by mistake. If the salary amount is Rs 12,000, what is the effect on the closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyBs opening capital is Rs 95000. Closing capital is Rs 108000 drawings Rs 12000 salary Rs 5000 and additional capital Rs 10000. What was the profit share?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIn a hard capital account question if additional capital is given with date but interest calculation is not asked how is the amount recorded in capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf opening debit balance in capital account is wrongly written as credit balance what type of error occurs?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder the fluctuating capital method, partner A's capital is Rs 1,00,000. In a goodwill adjustment A's capital account is first debited by Rs 15,000 and later credited by Rs 15,000 as profit share. What is the net effect on A's capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf the capital account has a credit balance and the current account has a debit balance, what is the correct analysis of the firm’s financial position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyAs capital account shows Rs 4000 debit balance while deed says minimum capital cannot be below zero. What is the correct accounting indication?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a share of profit is credited and a share of loss is debited in a partner's account, what is the basic reason?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyBs closing capital is Rs 96000. Opening capital is Rs 80000 drawings Rs 12000 interest on capital Rs 4000 and additional capital Rs 6000. What was the profit share?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf interest on capital is debited in Profit and Loss Appropriation Account but not credited to partner account what is the effect on capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on capital is credited to capital account and debited to Profit and Loss Appropriation Account what is the effect on partner account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA capital account has credit balance eighty thousand rupees and the same partner has loan account twenty thousand rupees. How should both be understood in balance sheet?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner brought goods as capital and it was debited to Purchases Account what error will occur in capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard