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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।

AccountancyWhy is the deceased partner’s share of the firm’s goodwill credited to his Capital Account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyOn the death of a partner, which account is primarily adjusted to determine the amount due to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIf a deceased partner’s capital is ₹90,000 and drawings are ₹10,000, what will be the net capital amount after deducting drawings?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyOn what basis is the amount payable to the deceased partner’s legal representative determined?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyOn the death of a partner, ₹85,000 is standing to his capital account and ₹15,000 is due as his share of goodwill. Assuming there are no other adjustments, what total amount is payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhile beginning the calculation of the amount due to a deceased partner, which item is generally taken as the initial basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhile determining the amount due to a deceased partner, what is the effect of the partner’s share of revaluation loss?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhat is the main purpose of including goodwill in a deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhich account is used to record the deceased partner’s capital balance and related adjustments while determining the amount due to him or her?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIf a deceased partner’s share of profit up to the date of death is ₹5,000, in which account will this amount be credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyA deceased partner’s capital account has ₹70,000, and the partner’s share of the reserve fund is ₹10,000. What is the total of these two amounts?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhy is the capital account important when calculating the amount payable to a deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhy is the deceased partner’s share of goodwill added to the deceased partner’s account at the time of reconstitution?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyHow is a deceased partner’s share of accumulated profits or general reserve adjusted on the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIf the deceased partner's Capital Account has a credit balance of ₹1,00,000 on the date of death, will it be included in the amount due to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhen the amount due to a retiring partner is not paid immediately, in which situation is the partner’s capital account closed and the balance transferred to the partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhen the amount due to a retiring partner is transferred from the capital account to the partner’s loan account, which account is debited?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyWhy does revaluation profit not go directly to the retiring partner's loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyWhat happens to capital account when amount is transferred from capital account to loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyRevaluation profit is not directly entered in the retiring partner's loan account. What is the most correct reason?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard