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Drawings

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

AccountancyIf the firm pays a partners personal expense what type of adjustment is it?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA’s drawings are Rs 15,000 and interest on drawings is Rs 1,200. What total debit will appear in A’s account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyUnder the fixed capital method, if drawings were mistakenly recorded in the capital account, to which account should they correctly have been posted?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyA firm paid a partner's personal expenses from cash/bank but the payment was not recorded in the books. What is the correct accounting adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf a partner's drawings were accidentally omitted from the books, what will be the effect on his account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIn partnership accounts, drawings of \(\text{Rs }20000\) were wrongly deducted from profit as if it were an expense. Under correct treatment, drawings should not be treated as expense. What is the effect on net profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyPartners personal income tax of fourteen thousand rupees was deducted as firm expense. What will it be under correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIn profit distribution if drawings are treated as expense and deducted from profit and interest on drawings is not charged separately what is the main error?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf a partner's personal income tax is recorded as a firm expense, what error will occur in the accounts?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf a partner gets personal expense paid by the firm how should it be understood in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf drawings are not deducted from profit in profit distribution is it always an error?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf after profit distribution A's share is greater than B's, what is the most common reason?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhat is the correct difference between drawings and interest on drawings?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf a partner's drawings are mistakenly added to profit while distributing profits, what will be the effect?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn profit distribution what is partners personal life insurance premium generally treated as if firm paid it?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn the context of profit distribution, how is a partner's personal income tax generally treated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy 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 AccountsExpert AccountancyIf the firm purchased private investments for a partner and paid from firm bank what will happen in capital accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fluctuating capital method the firm paid partners personal vehicle insurance of Rs 9000. What is the correct capital treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf the firm paid a partners personal loan and treated it as expense instead of reducing his claim what is the correct treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert