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Capital Credit

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

AccountancyOn admission of a new partner to whom is the old reserve credited?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat is the effect on old partners capital accounts in the entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyReserve fund is ₹45000. A and B share old profits in 7:8. How much will be credited to A?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyOld partners A and B share profits in 3:2. Revaluation gives a profit of ₹40000. New partner C brings capital for his share. What total amount will be credited to A and B capital accounts?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf revaluation expense ₹5000 is privately paid by an old partner and the firm treats it as payable to him, what is the correct effect?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyIf revaluation account shows profit what will be the effect on old partners' capital in closing entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyOn which side of old partners' accounts is revaluation profit recorded?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyTotal goodwill is ₹320000. C is admitted for (3/16) share. Sacrificing ratio of A and B is (5:1) and C does not bring goodwill. How much will A's capital be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyTotal goodwill is ₹240000. C is admitted for (1/6) share. Sacrificing ratio of A and B is (1:4) and C does not bring goodwill. How much will B's capital be credited?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingExpert AccountancyWhen Goodwill Account is opened old partners' capital accounts are credited in which ratio?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyIf credit balance of current account is to be transferred to capital account which entry is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a partner brings goods as capital and agreed value of goods is higher than cost which value should be taken in capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA partner contributed a personal car to the firm as capital with agreed value two lakh rupees. The firm accepted outstanding loan of fifty thousand rupees on it. What amount will be credited to capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner pays firms liability from personal funds what is the effect on his capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium