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RELATED QUESTIONS

Firm Liability

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 dissolution, if a partner settles a firm's liability using personal assets, what effect will this have on the partner's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyThe amount of ₹1,20,000 payable as the deceased partner’s share is treated as whose liability?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhat does a credit balance in a partner’s loan account indicate?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyWhat does a credit balance in the retiring partner’s loan account represent?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyA gave a loan of Rs 30,000 to the firm. Why should it be shown separately instead of being merged with the capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyA paid firms liability of Rs 14000 from his personal bank account. What will happen in As capital or current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf a partner pays firms liability from personal funds what is the effect on his capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium