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Fixed Capital

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

AccountancyIf goodwill adjustment is to be made through current accounts instead of capital accounts, what does this mean?Class 12Partnership Accounts - Basic ConceptsGoodwillHard AccountancyUnder fixed capital method A's current account had an opening credit balance of ₹12000. A received salary ₹30000 and had drawings ₹38000. What will be the closing current account balance?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf partners maintain fixed capitals and additional capital is introduced which account will record it?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C maintain fixed capitals. C's current account had an opening debit balance of ₹5000. During the year C's profit share is ₹22000 and drawings are ₹30000. What is the closing current account balance?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyUnder fixed capital method B is entitled to interest on capital ₹12000 and salary ₹18000. Which account will be credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B maintain fixed capitals. At year end A's current account shows a debit balance. What does it generally mean?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyUnder fixed capital method interest on A's drawings is ₹1500. Which account will be debited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyUnder fixed capital method when additional capital Rs 30000 is brought which account will be credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyUnder fixed capital method where will the second effect of interest on capital be recorded?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on drawings is omitted under fixed capital method which account of concerned partner is debited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf fixed capital method is followed where will omitted partner salary go?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyUnder fixed capital method partner salary will be credited to which 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 AccountancyUnder fixed capital method regular adjustments are generally made in which account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf the firm paid partners house rent of Rs 24000 and the deed calls it personal expense where will it be debited under fixed capital method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method As capital account is Rs 200000 credit current account is Rs 18000 debit and the firm has a separate loan of Rs 30000 from A. What is the total net liability towards A?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method A and B capitals are Rs 100000 and Rs 80000. Current accounts are A Rs 5000 credit and B Rs 7000 debit. What is total net partners claim?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method profit share was recorded in capital account and also in current account. What is the main effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method As capital is Rs 150000 and current account has Rs 12000 debit balance. During the year A brought additional capital of Rs 25000 received salary of Rs 16000 and made drawings of Rs 9000. What is As net closing position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf under fixed capital method balances of capital account and current account are combined and shown as one capital balance what is the risk?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard