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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 drawings and interest on drawings both appear in current account how will both be treated while finding closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyB'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 AccountsExpert AccountancyUnder fluctuating capital method A closing capital was wrongly calculated as one lakh rupees. Later it was found that drawings of five thousand rupees were deducted twice. What is correct capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard 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 AccountancyIf the firm pays a partner’s personal expense but records it as a Profit and Loss expense, what effect on the partner’s capital or current account has been omitted?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf the firm returned capital to a partner but treated it as drawings what is the main difference?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf the firm paid A's personal income tax of Rs 18,000 and it was wrongly recorded as a firm expense, what is the correct entry in the capital/accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder the fluctuating capital method, drawings of Rs 20,000 were wrongly credited to the capital account. What is the total wrong effect on the capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital is one lakh rupees. He made normal drawings of eight thousand and permanent withdrawal of twelve thousand. What is closing capital if there are no other items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf regular drawings are treated as permanent capital withdrawal under the fixed capital method, what type of error occurs?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method drawings were wrongly credited. Drawings amount is ten thousand rupees. What is the total error effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method the firm paid partners personal insurance premium of four thousand rupees. What is the correct effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method if both normal drawings and permanent capital withdrawal exist what account is immediately affected by both?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA withdrew twelve thousand rupees from the firm. Eight thousand rupees is normal drawings and four thousand rupees is permanent capital withdrawal. Under fixed capital method which is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is sixty five thousand rupees and current account has credit balance seven thousand rupees. If A withdrew five thousand rupees cash and it is treated as drawings which account is affected?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method drawings were wrongly debited to capital account. What is the correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf the firm paid a partner's personal insurance premium of Rs 6,000, how should it be treated in the accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method As opening capital is Rs 70000. Loss share is Rs 6000 and drawings are Rs 9000. What will be closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf a partner withdraws firm’s goods worth Rs 4,500 for personal use, what is the correct accounting treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf As current account starts with Rs 5000 credit and drawings during the year are Rs 9000 what will be the closing balance if there is no other item?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium