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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 B and C actual capitals are one lakh forty thousand ninety thousand and seventy thousand rupees respectively. They must be maintained in the ratio two to two to one and total capital remains same. Who will withdraw excess capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyTotal capital of three partners is three lakh rupees and it is to be maintained in the ratio three to two to one. What is target capital of the first partner?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA and B capitals must be equal as per deed. A adjusted capital is seventy two thousand rupees and B is sixty eight thousand rupees. If total capital is to remain same what will happen?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf regular drawings are treated as permanent capital withdrawal under the fixed capital method, what type of error occurs?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fixed capital method A current account is debit twelve thousand rupees and capital account is credit forty thousand rupees. If A withdraws eight thousand rupees from permanent capital which balance changes?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital account has debit balance five thousand rupees. A deposited cash eight thousand rupees. What will be the new balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner contributes personal asset as capital and agreed value differs from market value which value should be recorded in capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA opening capital is one lakh rupees. During the year machinery worth forty thousand rupees was brought as capital and firm accepted liability of ten thousand rupees on it. Later drawings were fifteen thousand rupees. Under fluctuating method what is closing capital if there are no other items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method current account has debit balance twenty thousand rupees and capital account has credit balance fifty thousand rupees. If both are presented net what will be net liability?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees and current account has credit balance fifteen thousand rupees. If the deed says interest on capital is only on capital account balance what is the base for interest?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method drawings were wrongly credited. Drawings amount is ten thousand rupees. What is the total error effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method goodwill adjustment required crediting A by fifteen thousand rupees and debiting B by fifteen thousand rupees. It was wrongly done in capital accounts. What is the correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA and B capitals are ninety thousand and sixty five thousand rupees respectively. Total capital is to remain same and capitals are to be in the ratio two to one. What is correct adjustment for A and B?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA and B adjusted capitals are one lakh twenty thousand and seventy thousand rupees respectively. Capitals must be maintained in the ratio three to two and A capital is the base. What should B do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method B current account has opening debit balance seven thousand rupees. Interest on capital is four thousand rupees share of profit is ten thousand rupees drawings are fourteen thousand rupees and loss adjustment is five thousand rupees. What is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account has opening credit of eight thousand rupees. He receives salary fifteen thousand rupees commission five thousand rupees and has drawings sixteen thousand rupees and interest on drawings three thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyB closing capital is one lakh ten thousand rupees. During the year additional capital was twenty thousand rupees interest on capital was six thousand rupees share of loss was nine thousand rupees and drawings were eleven thousand rupees. Under fluctuating method what was opening capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A opening capital is one lakh fifty thousand rupees. During the year additional capital is thirty thousand rupees share of profit is twenty two thousand rupees salary is twelve thousand rupees drawings are eighteen thousand rupees and interest on drawings is two thousand rupees. What is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIn a difficult capital account question what should be identified first so that items go to the correct place?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf closing credit balance of capital account is wrongly shown on assets side of balance sheet what error occurs?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard