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Correction

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

AccountancyIf goodwill burden is wrongly shared in capital ratio then correction should be based on which ratio?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyIf retiring partner's goodwill is ₹ 95000 and burden is wrongly shared in new ratio 5:4 while the correct gaining ratio is 3:2 then what should be the correct basis?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyIf goodwill burden has been wrongly shared in new ratio then what should be checked for correction?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyProfit and Loss debit balance ₹56000 was left in the new balance sheet. What should have been the correct correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyProfit and Loss debit balance ₹42000 was left in the new balance sheet. What should have been the correct correction?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyIf accumulated profit is distributed in new ratio what should be the correct basis for correction?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyIf an unrecorded liability later turns out to be wrong and actually no liability exists. What is the correct correction of the initial revaluation entry?Class 12Reconstitution - Admission of a PartnerAsset RevaluationHard AccountancyChoose the correct correction. Mohan and Sohan share profits in the ratio 5:7. Rohan is admitted for a 1/4 share, and the balance is shared in the ratio 4:5. What is Sohan’s sacrifice?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard AccountancyChoose the correct correction. A and B share profits in (6:5). C gets (2/11) share and A B share the balance in (4:3). What is B's sacrifice?Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioHard AccountancyIf a sacrificing partner has been debited what is the correct correction?Class 12Partnership Accounts - Basic ConceptsGoodwillHard AccountancyIf A was supposed to be credited but no entry was passed, what correction should be made?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf a transaction required A to be debited but that entry was completely omitted, what correction should be made regarding A?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf partners personal expense was treated as firm expense what should be done in correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf last years profit was distributed in wrong ratio what should be calculated first for correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf profit has been distributed in wrong ratio what is compared in correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf profit Rs 90000 was wrongly shared equally among three partners but correct ratio was two to two to five how much less did the third partner receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyUnder fixed capital method B current account closing balance is credit twenty thousand rupees. If drawings of four thousand rupees were not recorded what is correct balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A closing capital is seventy five thousand rupees. If share of profit eleven thousand rupees was omitted what is correct closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard