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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 drawings are wrongly recorded on the credit side what will be the effect on capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIf opening capital is omitted while preparing the capital account, what error will occur?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyAt the end of the year, to which account is a partner’s Drawings Account generally closed?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhat is the simple meaning of a credit balance in a partner's current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhich item is recorded on the debit side of a partner's capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhich item is recorded on the credit side of a partner's capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyUnder the fixed capital method, how does opening capital generally remain until the end of the year?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIn a partnership, how is a partner's share of profit shown in the partner's account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhen a partner withdraws capital, what is the effect on the partner's capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyAdditional capital brought by a partner is recorded on which side?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhat may a debit balance of capital account indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhat does a credit balance of a partner's capital account generally show?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyUnder the fluctuating capital method, drawings are debited to which account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyUnder fixed capital method which change is generally recorded in the capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIf the deed requires partners capital accounts to be maintained under fluctuating capital method, where will profit share be credited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed follows fluctuating capital method. Where will year end profit share be credited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partner A may convert his loan to capital. Which item will change after conversion?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that capitals are fluctuating. Where will interest on capital and drawings be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed provides for fluctuating capital method. Which account will drawings and interest affect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed requires partners to keep equal capitals, withdrawal of excess capital will relate to which account?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium