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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 A and B share profits equally but interest on capital is allowed in capital ratio then on what basis will interest be credited in capital accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a partner contributed a personal computer to the firm as capital valued at Rs 35,000 but it was recorded as an expense, what is the correct rectifying entry?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA paid Rs 9000 from personal funds for repair of a machine on behalf of the firm. If it was firms machine what happens in As account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf the firm paid A's personal income tax of Rs 18,000 and it was wrongly recorded as a firm expense, what is the correct entry in the capital/accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyAs capital account shows Rs 4000 debit balance while deed says minimum capital cannot be below zero. What is the correct accounting indication?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fluctuating capital method As capital account has opening credit balance Rs 50000 and closing debit balance Rs 10000. What is the net change?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method if current account is not shown but adjustments are given what is the most appropriate exam conclusion?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a share of profit is credited and a share of loss is debited in a partner's account, what is the basic reason?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf partner salary is credited to capital account and debited to Profit and Loss Appropriation Account under which method can it be correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA withdrew Rs 10000 in April and Rs 20000 in October. The accounting year ends in March and interest rate is twelve percent. What is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyEqual quarterly drawings of Rs 4000 are made at the end of each quarter. At twelve percent per annum what is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyEqual quarterly drawings of Rs 5000 are made at the beginning of each quarter. At eight percent per annum what is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf equal monthly drawings of Rs 3000 are made at the end of every month and interest rate is ten percent per annum what is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf equal monthly drawings of Rs 2000 are made at the beginning of every month and interest rate is twelve percent per annum what is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA invested Rs 30000 at the beginning of the year and withdrew Rs 20000 after three months. At twelve percent what will be interest on capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyAs capital remained Rs 60000 for the full year. B invested Rs 40000 at the beginning and Rs 20000 more after six months. If interest rate is ten percent what is Bs interest on capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyTotal interest on capital is Rs 30000 and available profit is Rs 24000. If interest claims of A B and C are in ratio five to three to two how much will C receive?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf interest on capital is payable only up to available profit and interest of A and B is Rs 12000 and Rs 8000 respectively while available profit is Rs 15000. How much interest will A get?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method As capital is Rs 100000 and current account has Rs 3000 debit. During the year profit share is Rs 20000 and drawings are Rs 25000. What is closing current balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyThree partners capitals are to be in profit ratio two to three to five. Total capital is Rs 300000. What is the required capital of the third partner?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert