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Capital Accounts

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

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 fixed capital method opening credit balance in current account was wrongly treated as debit balance. Amount is six thousand rupees. What is total effect on closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on capital five thousand rupees was credited twice and interest on drawings two thousand rupees was omitted how much is capital overstated in total?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partners capital is more than required ratio and firm cannot return cash how may the excess be shown?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner has capital deficiency in required ratio and cannot bring cash how may the deficiency be shown?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA adjusted capital is one lakh rupees and B adjusted capital is sixty thousand rupees. Profit ratio is three to two. Taking A capital as base what is B deficiency or excess?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf capital accounts must be maintained in a fixed ratio as per deed when is capital adjustment done after revaluation?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method revaluation loss should be debited to current account but was debited to capital account. What is correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital was credited with profit share ten thousand rupees and revaluation profit four thousand rupees. If only profit share should have been recorded how much is capital overstated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is fifty thousand and current account credit ten thousand. B capital is forty thousand and current account debit five thousand. What is net partners claim?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf A capital account has credit balance and B capital account has debit balance what should be done while finding total partners capital?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 AccountancyA gave a loan to the firm, but the amount was credited to A's capital account. If the capital ratio is calculated later, what precaution is necessary?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner’s personal investment is recorded by the firm as a partner’s loan instead of capital, what principal classification difference results?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder the fixed-capital method, A’s current account has a credit balance. If this amount is paid through the bank, what is the effect on the balance-sheet liability?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf debit balance of drawings account is not closed at year end what may be the effect on capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A interest on capital is eight thousand rupees and salary is twelve thousand rupees. If both are omitted how much will capital be understated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf the firm pays a partner’s personal expense but records it as a Profit and Loss expense, what effect on the partner’s capital or current account has been omitted?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyCommission was due to a partner but not paid. Under fluctuating capital method why will it increase capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method partner salary was credited to capital account when due and debited again on payment. What is the net effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard