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RELATED QUESTIONS

Debit Balance

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

AccountancyAt the time of admission of a new partner, if the old partners’ capital accounts are credited while closing the debit balance of the Profit and Loss Account, what accounting error does this indicate?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyWhat is the normal balance of Preliminary Expenses Account?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyThe old balance sheet shows a general reserve of ₹75,000 and a debit balance of ₹15,000 in the Profit and Loss Account. What is the net accumulated profit based on these items?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyWhat is the normal balance of Advertisement Suspense Expenditure?Class 12Reconstitution - Admission of a PartnerReservesEasy AccountancyA and B share profits and losses in the ratio of 2:3. The General Reserve is ₹25,000 and the Profit and Loss Account has a debit balance of ₹10,000. What is the net accumulated amount to be distributed among the partners before the admission of a new partner?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf the debit side of Revaluation Account exceeds its credit side by ₹59,000, what does the balance represent?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyWhat does a debit balance of the Revaluation Account indicate?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf capital account has closing debit balance of Rs 6000 how will it open next year?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyB'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 AccountsExpert AccountancyA’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 AccountsMedium AccountancyIf a partners capital account has a debit closing balance on which side will Balance carried down appear?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fluctuating capital method closing capital balances of three partners are Rs 60000 credit Rs 30000 credit and Rs 10000 debit. What is total net capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert 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 AccountancyAs capital account shows Rs 4000 debit balance while deed says minimum capital cannot be below zero. What is the correct accounting indication?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf a partners closing capital balance is debit on which side is balance carried down written while balancing the account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf debit balance of current account keeps increasing under fixed capital method what weakness may it indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital account shows debit balance of eight thousand rupees. What situation can this indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method As current account shows Rs 2000 debit balance. What is its correct meaning?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf partners closing capital is a debit balance on which side will it be brought down next year?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf current account has debit balance why may it be shown on assets side of balance sheet?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium