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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।

AccountancyUnder the fixed capital method, drawings are debited to which account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyUnder the fluctuating capital method, drawings are debited to which account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyThe partnership deed explicitly states that the firm will pay a partner's personal tax and treat it as drawings. On payment, which account should be debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the partnership deed provides for penal interest on a partner's drawings that exceed capital, whose income will this penal interest be treated as?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed follows fixed capital method and B paid a personal expense through the firm. In which account will this amount usually be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyWhich of the following is generally not included in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyThe deed states the firm will not pay partners' personal income tax. The firm paid B's personal income tax. Which account should be debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed follows fixed capital method but the accountant debited drawings to capital account. Why is this an error?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says partners must not take personal expenses from the firm. Still A paid personal rent from firm money. How will it be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed says interest on capital is to be allowed only on average capital what is the effect of drawings during the year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed treats insurance premium as a partners personal expense. If the firm pays it what is the correct accounting effect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed states that the firm will not pay any partners personal liability. What is the accounting meaning?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed does not permit payment of a partner's personal loan and the firm pays it, what is the correct accounting treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf a partner pays personal expenses through the firm and the deed does not allow it, how is it generally treated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyWhy is the provision for interest on drawings important in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhat is the purpose of writing interest on drawings in the deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyWhat is the purpose of charging interest on drawings in a partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyThe clause for interest on drawings in the deed is related to what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy