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Current Account

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

AccountancyIf firm returned capital of Rs 50000 to a partner but treated it as drawings and debited current account which account needs correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf credit items in a partners account are Rs 75000 and closing balance is Rs 13000 debit what were total debit items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyB'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 AccountsExpertAccountancyA'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 AccountsEasyAccountancyIf debit balance of current account is to be adjusted into capital account what entry will be made?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf 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 AccountsExpertAccountancyBs current account opened with Rs 12000 credit. Commission is Rs 8000 loss share Rs 10000 drawings Rs 9000 and interest on drawings Rs 1000. What is the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyA’s current account was opened with a debit balance of ₹7,500. During the year, interest on capital was ₹11,000, profit share was ₹24,000, drawings were ₹28,000, and personal expenses were ₹3,500. What is the closing current-account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMediumAccountancyUnder fixed capital method As capital account is Rs 200000 credit current account is Rs 18000 debit and the firm has a separate loan of Rs 30000 from A. What is the total net liability towards A?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyAs current account is Rs 15000 debit and capital account is Rs 90000 credit. If current account is adjusted into capital what will be new capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf salary, commission and interest on capital appear in a partner's current account, how should they be treated when calculating the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf drawings and interest on drawings both appear in current account how will both be treated while finding closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf capital account has a credit balance but current account has a larger debit balance what may be the partners overall position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyAs capital account is Rs 220000 credit and current account is Rs 18000 debit. If the firm also separately owes A a loan of Rs 20000 what is total liability towards A?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyUnder fixed capital method personal expense of Rs 7000 was wrongly treated as firm expense and not recorded in partners account. What is the correct capital treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyB's current account opened with a Rs 5,000 debit balance. During the year his profit share was Rs 18,000 and partner's salary Rs 6,000 (both credited); drawings were Rs 11,000 and interest on drawings Rs 800 (debited). What is the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyA’s current account begins with a credit balance of ₹9,000. During the year, interest on capital is ₹7,500, commission is ₹5,500, drawings are ₹20,000, and A’s share of loss is ₹3,000. What is the closing current-account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fixed capital method As capital is Rs 150000 and current account has Rs 12000 debit balance. During the year A brought additional capital of Rs 25000 received salary of Rs 16000 and made drawings of Rs 9000. What is As net closing position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyUnder fixed capital method opening credit balance in current account was wrongly treated as debit balance. Amount is six thousand rupees. What is total effect on closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf a partners capital is more than required ratio and firm cannot return cash how may the excess be shown?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard

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