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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।

AccountancyAt the time of a partner’s admission, if the revaluation loss is debited to the old partners’ capital accounts, what will be its effect on their capital?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyAt the time of admission of a new partner, if the Revaluation Account shows a profit and it is credited to the old partners’ Capital Accounts, what will be the effect on their capital?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyA and B share profits and losses in the ratio of 3:7. A revaluation loss of ₹80,000 is incurred. How much will be debited to B’s capital account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyThe final entry for closing revaluation account relates to what?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhere is the final balance of Revaluation Account closed?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyThe firm raises a goodwill account of ₹90,000. A and B share old profits in 3:2, and goodwill is later written off in the new ratio 2:2:1. What burden will fall on C?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingHard AccountancyWhen the old partners withdraw the amount of goodwill premium, on which side will the old partners’ capital accounts be recorded?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen the incoming partner brings his share of goodwill in cash and it is retained in the firm which account is credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf the premium for goodwill is credited to old partners’ capital accounts and they do not withdraw it, what happens?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyIf the goodwill premium brought in by the new partner is distributed among the old partners and then withdrawn in cash, what will be the effect on the old partners’ capital accounts?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyOn the admission of a new partner, goodwill already appearing in the books at ₹27,000 is written off among the old partners in their old ratio of 1:2. What amount will be debited to the first partner’s capital account?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhich account is debited when Premium for Goodwill Account is distributed to old partners?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhen the old partners withdraw the amount of goodwill premium, which account is debited in the journal entry?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy AccountancyWhat is the entry for crediting the premium for goodwill to the old partners' capital accounts?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyA and B share profits in the ratio of 3:2. C is admitted as a partner for a 1/5 share, and the new profit-sharing ratio becomes 2:2:1. If the firm’s goodwill is ₹2,00,000 and C brings his share of goodwill in cash, how much will be credited to A’s Capital Account?Class 12Partnership Accounts - Basic ConceptsGoodwillExpert AccountancyInstead of unnecessarily keeping goodwill account in books adjustment can be made through what?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyIf the debit side of the Profit and Loss Appropriation Account exceeds the credit side by ₹24000 and A B share profits and losses equally what entry is needed?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyUnder the fluctuating capital method, to which account is a partner’s salary credited?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyA withdrew Rs 28,000 and later deposited Rs 8,000 back into the firm. What will be the net drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyUnder the fixed capital method, drawings of a partner are debited to which account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy