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RELATED QUESTIONS

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 dissolution, when a partner takes over an asset of the firm, what entry is made in the partner’s Capital Account?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyAt the time of dissolution of a partnership firm, what does a debit balance in a partner’s capital account indicate?Class 12Dissolution of a Partnership FirmRealisation AccountMedium AccountancyOn the dissolution of a partnership firm, a realisation profit of ₹30,000 is earned. If the partners share profits in the ratio 3:2:1, what amount will be transferred to the first partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhat does the final balance of a partner’s capital account indicate on the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of a partnership firm, if a partner pays realisation expenses of ₹4,000 from personal funds and the firm is to bear the expense, how much reimbursement will the partner receive from the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf A takes over an asset of ₹24,000 and a liability of ₹6,000, what will be the net effect on A’s Capital Account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn dissolution of a partnership firm, the Realisation Account shows a profit of ₹18,000. If the partners share profits in the ratio of 2:1:1, what amount will be credited to the first partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyA partner personally paid ₹2,500 as realisation expenses on behalf of the firm. What will he receive on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, the agreed value of an asset taken over by a partner is recorded on the credit side of which account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn the dissolution of a partnership firm, a realisation loss of ₹18,000 was incurred. If the partners share profits in the ratio 2:1, what amount of the loss will be debited to the first partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, if a partner takes over an asset valued at ₹9,000, what effect will this have on the partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, to which partners’ account is the profit or loss from the Realisation Account transferred in the profit-sharing ratio?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyA deceased partner’s capital account shows ₹79,000, and their share of goodwill is ₹11,000 while their share of the reserve fund is ₹10,000. Assuming there are no other adjustments, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf interest is payable under the partnership deed, how is the interest accrued on the deceased partner’s capital up to the date of death treated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, his capital account shows ₹66,000, his share of profit is ₹14,000, and his share in the reserve fund is ₹20,000. If there are no other adjustments, what will be the total amount payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf a deceased partner’s capital is ₹87,000 and their share of goodwill is ₹13,000, and there are no other adjustments, what will be the total claim credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner has ₹1,14,000 standing to the credit of the capital account, and the value of the partner’s share in goodwill is ₹6,000. Assuming there are no other adjustments, what total amount is payable to the partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIn a partnership firm, a deceased partner’s capital is ₹74,000 and their share of the reserve fund is ₹26,000. Excluding other adjustments, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital is ₹1,03,000 and his share of goodwill is ₹7,000. If there are no other adjustments, what will be his total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf the deceased partner’s share of profit earned up to the date of death is credited to his capital account, what will happen to the capital account balance?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert