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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।

AccountancyUnder fixed capital method A capital account is one lakh rupees and no permanent capital change occurred. Yet current account has a large credit balance. What will be closing capital account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method which sequence reduces errors while finding closing 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 AccountancyUnder fixed capital method A current account has debit balance. The partner says treat it as capital and allow interest. Why may this be wrong?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA B and C actual capitals are one lakh thirty thousand eighty thousand and thirty thousand rupees. Target ratio is four to three to one and total capital remains same. What should A do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA B and C actual capitals are one lakh thirty thousand eighty thousand and thirty thousand rupees. Target ratio is four to three to one and total capital remains same. Who has deficiency?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA and B have capitals of Rs 1,10,000 and Rs 70,000 respectively. The firm wants equal capitals while keeping total capital unchanged. Which adjustment is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyA and B capitals are one lakh ten thousand and seventy thousand rupees respectively. They must keep equal capital and total capital must not change. What will be correct target capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method permanent capital withdrawal of nine thousand rupees was debited to A capital account and also debited to current account. What is the effect of error?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner brings goods as capital and agreed value of goods is higher than cost which value should be taken in capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA contributed equipment as capital. Agreed value is sixty thousand rupees and firm took over liability of twelve thousand rupees on it. If he also brought five thousand cash what is total credit to capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital is debit fifteen thousand rupees and he brings additional capital of twenty thousand rupees. What will be the new balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees and current account has debit balance twenty thousand rupees. If current account is adjusted against capital what will be new capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf share of loss was credited like interest on capital instead of being debited in capital account and amount is ten thousand rupees how much will capital be overstated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method interest on capital should have been credited to current account but was wrongly credited to drawings account. What is the basic effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital account finally shows credit eighty thousand rupees. If interest on drawings of four thousand rupees was omitted what is correct closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA and B adjusted capitals are one lakh thirty five thousand and ninety thousand rupees. Capitals should be in ratio three to two. Is any adjustment required?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA B and C adjusted capitals are one lakh twenty thousand eighty thousand and sixty thousand rupees respectively. Capitals must be maintained in ratio two to two to one and total capital remains same. What should C do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method B current account has opening debit balance of nine thousand rupees. Profit share is fourteen thousand rupees commission is six thousand rupees drawings are eighteen thousand rupees and interest on drawings is four thousand rupees. What is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account has opening credit balance of twelve thousand rupees. Salary is eighteen thousand rupees interest on capital is seven thousand rupees share of loss is nine thousand rupees drawings are sixteen thousand rupees and interest on drawings is two thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard