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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 a partner has capital deficiency in required ratio and cannot bring cash how may the deficiency be shown?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is fifty thousand and current account credit ten thousand. B capital is forty thousand and current account debit five thousand. What is net partners claim?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder the fixed-capital method, A’s current account has a credit balance. If this amount is paid through the bank, what is the effect on the balance-sheet liability?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fixed capital method drawings and interest on drawings are both debited in current account. What is the basic difference between them?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital account is one lakh rupees and no permanent capital change occurred. Yet current account has a large credit balance. What will be closing capital account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf the capital account has a credit balance and the current account has a debit balance, what is the correct analysis of the firm’s financial position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fixed capital method A current account has debit balance. The partner says treat it as capital and allow interest. Why may this be wrong?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees and current account has debit balance twenty thousand rupees. If current account is adjusted against capital what will be new capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method B current account has opening debit balance of nine thousand rupees. Profit share is fourteen thousand rupees commission is six thousand rupees drawings are eighteen thousand rupees and interest on drawings is four thousand rupees. What is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account has opening credit balance of twelve thousand rupees. Salary is eighteen thousand rupees interest on capital is seven thousand rupees share of loss is nine thousand rupees drawings are sixteen thousand rupees and interest on drawings is two thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf capital accounts show only opening capital additional capital and capital withdrawal and separate current accounts exist which method is used?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf Bs closing current balance is Rs 5000 debit and credit items were Rs 16000 what were total debit items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf As closing current balance is Rs 7000 credit and total debit items were Rs 13000 what were total credit items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method if current account is not shown but adjustments are given what is the most appropriate exam conclusion?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method As capital is Rs 100000 and current account has Rs 3000 debit. During the year profit share is Rs 20000 and drawings are Rs 25000. What is closing current balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyB's current account opened with a Rs 4000 debit balance. Commission of Rs 9000 and share of profit Rs 11000 were credited to B, and the firm paid B's personal expenses of Rs 7500. What will be the closing balance and on which side will it appear?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA's current account opened with a credit balance of Rs 6000. During the year A was credited salary Rs 12000 and interest on capital Rs 5000; drawings amounted to Rs 15000 and interest on drawings Rs 1200 was charged. What is the closing balance of the current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method A has capital of Rs 90000 and a debit balance of Rs 8000 in current account. If A brings additional capital of Rs 20000 what is As total net position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIn a hard capital accounts question if current account is also given what is the safest first step?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA current account had opening debit balance five thousand rupees. During the year he received interest on capital seven thousand rupees and salary nine thousand rupees. Drawings are twenty thousand rupees. Under fixed capital method what is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard