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RELATED QUESTIONS

Capital Accounts

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

AccountancyAfter all adjustments and final settlement on dissolution of the firm, which account has a nil balance?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhy are the partners’ capital accounts closed on the dissolution of a firm?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyTo which account is the realisation loss transferred?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyWhy is a share of profits earned after the date of death not added to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyUnder the memorandum method, goodwill of ₹1,80,000 is recorded in the books. If the old profit-sharing ratio is 3:2:4, how much will be credited to partner C’s capital account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyOn retirement of a partner, if goodwill is not already recorded in the firm's books, from whose capital accounts is the retiring partner’s share of goodwill generally adjusted?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyP, Q and R share profits and losses in the ratio 5:3:2. On Q’s retirement, P and R acquire the new ratio of 3:2. If the firm’s goodwill is valued at ₹60,000 and no goodwill account is raised, which is the correct adjustment?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyAt the time of retirement, if the continuing partners’ capital accounts should have been debited by a total of ₹1,08,000 but were debited by only ₹1,00,000, what error has occurred?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyThe deceased partner’s goodwill is valued at ₹56,000. If A and B gain in the ratio 3:5, what will be the debit effect on A’s and B’s capital accounts, respectively?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyIf the retiring partner’s goodwill amount is adjusted through the partners’ capital accounts, is a cash payment necessary?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhat type of adjustment is goodwill settlement on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhen the retiring partner’s share of goodwill is settled through adjustment in the capital accounts, what effect does it have on the remaining partners’ capital?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhen a partner retires and goodwill is adjusted, in which ratio are the capital accounts of the partners gaining the retiring partner’s share debited?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf goodwill is not to be shown in the books, which account is credited with the retiring partner's share of goodwill in the adjustment entry?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyAt the time of admission of a new partner, the General Reserve is ₹1,26,000 and the Profit and Loss Account has a debit balance of ₹54,000. If these two items are adjusted among the old partners in the ratio of 3:2:1, what amount will be credited net to the first partner’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C share profits in the ratio 4:5:3. The General Reserve is ₹96,000 and the Advertisement Suspense Account is ₹36,000. On reconstitution due to the admission of a partner, what net credit should be made to C’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThe debit balance of the Profit and Loss Account is ₹30,000 and Preliminary Expenses amount to ₹18,000. The old partners share profits in the ratio 2:7. At the time of admission of a new partner, what total amount will be debited to the second old partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyPartners A and B share profits and losses in the ratio of 11:7. The firm has a reserve of ₹90,000 and a debit balance of ₹36,000 in the Profit and Loss Account. On the admission of a new partner, if the net amount of these items is adjusted in the old ratio, what amount will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOn the admission of a new partner, the Bad Debts Reserve is ₹30,000 and actual bad debts amount to ₹12,000. The old partners share profits in the ratio 7:3. What amount will be credited to the first partner’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyThrough which account does the final adjustment of old reserves and accumulated losses reach old partners?Class 12Reconstitution - Admission of a PartnerReservesHard