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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 Balance carried down is written on debit side of a capital account what is usually the nature of actual closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyB's current account shows a debit balance of Rs 17,000 and the capital account shows a credit balance of Rs 95,000. What will be the new capital balance after transferring the current account balance into capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA's current account has a credit balance of Rs 22,000 and his capital account has a credit balance of Rs 1,30,000. What will be the new capital after transferring the current-account balance to capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIf credit balance of current account is to be transferred to capital account which entry is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf debit balance of current account is to be adjusted into capital account what entry will be made?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA's capital account has a credit balance of Rs 50,000 and his current account has a debit balance of Rs 70,000. What is A's overall position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf the firm paid partners house rent of Rs 24000 and the deed calls it personal expense where will it be debited under fixed capital method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf the firm paid a partners personal loan and treated it as expense instead of reducing his claim what is the correct treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA partner brought machine of Rs 150000 as capital but the firm also took related liability of Rs 30000. Which entry is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA and B have actual capitals of Rs 220000 and Rs 160000. Capitals should be in ratio three to two and total capital will remain same. What should B do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA and B have actual capitals of Rs 330000 and Rs 180000. Capitals are to be maintained in ratio two to one and total capital is to remain same. What should A do?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyThree partners’ capitals are to be maintained in the ratio 2:2:1. If the total capital is ₹5,00,000, what is the required capital of the third partner?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyA's capital is Rs 240000 and the profit-sharing ratio A : B : C is 4 : 3 : 2. Taking A's capital as the base, what is B's required capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA and B's capitals are to be in the profit-sharing ratio 7 : 3. The total capital is Rs 4,00,000. What is A's required capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyShare of loss of Rs 11000 was credited to partners account. The correct treatment was debit. What is the wrong effect on closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyDrawings of Rs 18,000 were not recorded in the fluctuating capital account. What is the effect on the closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIn a partnership, interest on capital of Rs 9,000 was omitted from the capital account. Under the fluctuating capital method, what will be the effect on the closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyBs closing capital is Rs 92000. Opening capital Rs 85000 profit share Rs 18000 interest on drawings Rs 1000 and additional capital Rs 5000. What were drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyAs closing capital is Rs 165000. Opening capital is Rs 130000 additional capital Rs 20000 salary Rs 10000 drawings Rs 12000 and interest on drawings Rs 3000. What was the profit share?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA withdrew Rs 12000 in June and Rs 36000 in December. The accounting year ends in March and interest rate is twelve percent. What is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert