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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।

AccountancyA and B capitals should be in profit ratio four to one. As capital is Rs 120000 and Bs capital is Rs 50000. Taking As capital as base what should B do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA and B capitals are to be maintained in profit ratio three to two. Total capital is Rs 250000 and As actual capital is Rs 160000. What should A do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyBs closing capital is Rs 96000. Opening capital is Rs 80000 drawings Rs 12000 interest on capital Rs 4000 and additional capital Rs 6000. What was the profit share?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyAs opening capital is Rs 70000. Additional capital is Rs 10000 loss share is Rs 8000 and closing capital is Rs 68000. What were the drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder the fluctuating capital method, drawings of Rs 20,000 were wrongly credited to the capital account. What is the total wrong effect on the capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf under fixed capital method interest on capital is wrongly credited to capital account what is the correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyB's current account opened with a Rs 4000 debit balance. Commission of Rs 9000 and share of profit Rs 11000 were credited to B, and the firm paid B's personal expenses of Rs 7500. What will be the closing balance and on which side will it appear?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA's current account opened with a credit balance of Rs 6000. During the year A was credited salary Rs 12000 and interest on capital Rs 5000; drawings amounted to Rs 15000 and interest on drawings Rs 1200 was charged. What is the closing balance of the current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fluctuating capital method opening capital is Rs 125000. Salary is Rs 15000 profit share is Rs 22000 drawings are Rs 18000 and interest on drawings is Rs 1500. What will be closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method A has capital of Rs 90000 and a debit balance of Rs 8000 in current account. If A brings additional capital of Rs 20000 what is As total net position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIn a hard capital accounts question if current account is also given what is the safest first step?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on drawings is credited to appropriation account but not debited to partner account what is the effect on partners balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on capital is debited in Profit and Loss Appropriation Account but not credited to partner account what is the effect on capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA current account had opening debit balance five thousand rupees. During the year he received interest on capital seven thousand rupees and salary nine thousand rupees. Drawings are twenty thousand rupees. Under fixed capital method what is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital is one lakh rupees. He made normal drawings of eight thousand and permanent withdrawal of twelve thousand. What is closing capital if there are no other items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees. He made normal drawings of eight thousand rupees and permanent capital withdrawal of twelve thousand rupees. What will be closing capital account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA opening capital is one lakh rupees and during the year two additional capitals of ten thousand and fifteen thousand rupees were introduced. Under fixed capital method what is closing capital if there is no capital withdrawal?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyInterest on drawings is credited to Profit and Loss Appropriation Account and debited to partner account. What does this mean?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on capital is credited to capital account and debited to Profit and Loss Appropriation Account what is the effect on partner account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA capital account has credit balance eighty thousand rupees and the same partner has loan account twenty thousand rupees. How should both be understood in balance sheet?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard