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Capital Adjustment

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

AccountancyA and B have capitals of ₹40,000 and ₹25,000 respectively. The firm incurred a realisation loss of ₹13,000, which was borne equally by both partners. What will be A’s final capital after realisation?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyA's capital is credit ₹62000. Share of realisation profit is ₹13000 and drawings are ₹9000. What is final balance?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyB’s Capital Account has a credit balance of ₹28,000. The total loss on realisation is ₹10,000, and B’s share of the loss is one-half. What amount will remain in B’s Capital Account after adjusting the realisation loss?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyB's capital is credit ₹30000. Share of realisation loss is ₹6000 and drawings are ₹4000. What is final payment to B?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf a partner takes over stock worth ₹10,000 and also pays ₹2,000 in cash to the firm, what is the net effect on the partner’s Capital Account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIn the account of a retired or deceased partner, the capital is ₹75,000 and the partner’s share of goodwill is ₹15,000. What is the total of these two items?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf a deceased partner’s capital is ₹55,000 and their share of accumulated profits is ₹5,000, what is the total amount due to the partner’s estate?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhy is the deceased partner’s share of revaluation profit added to their account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIf retiring partner D's goodwill is ₹25,000 and only B has gained, what will be the effect on B's capital?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyIf goodwill is not paid in cash on retirement then in which account can it still be adjusted?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyWhen goodwill is adjusted through the capital accounts, what is the effect on the continuing partners’ capital when goodwill is credited to the retiring partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyThe statement is that the retiring partner goodwill share can be adjusted without opening goodwill account. What is the correct reason?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhen does goodwill adjustment through capital accounts not affect total assets?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhat is the effect on profit and loss account when goodwill is adjusted through capital accounts?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhen goodwill is adjusted without opening goodwill account which entry is correct?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyWhy is goodwill compensation adjusted through capital accounts on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA, B and C share profits and losses in the ratio 5:4:3. The General Reserve is ₹96,000 and Preliminary Expenses are ₹60,000. What will be the net credit to B’s Capital Account for these adjustments?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyOld partners A and B share profits and losses in the ratio of 5:3. The General Reserve is ₹80,000 and the accumulated loss is ₹1,04,000. What will be the net effect on A’s Capital Account on the admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyA, B and C are old partners sharing profits in the ratio of 4:3:2. The General Reserve is ₹1,35,000 and the Profit and Loss Account has a debit balance of ₹45,000. On the admission of a new partner, what will be the net effect on C’s capital account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyIf the question does not clearly instruct to open Goodwill Account, what is the usual caution?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingEasy