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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।

AccountancyUnder fixed capital method revaluation loss should be debited to current account but was debited to capital account. What is correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital account is one lakh rupees and no permanent capital change occurred. Yet current account has a large credit balance. What will be closing capital account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method permanent capital withdrawal of nine thousand rupees was debited to A capital account and also debited to current account. What is the effect of error?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method interest on capital should have been credited to current account but was wrongly credited to drawings account. What is the basic effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method B current account has opening debit balance of nine thousand rupees. Profit share is fourteen thousand rupees commission is six thousand rupees drawings are eighteen thousand rupees and interest on drawings is four thousand rupees. What is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account has opening credit balance of twelve thousand rupees. Salary is eighteen thousand rupees interest on capital is seven thousand rupees share of loss is nine thousand rupees drawings are sixteen thousand rupees and interest on drawings is two thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf capital accounts show only opening capital additional capital and capital withdrawal and separate current accounts exist which method is used?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA and B fixed capitals are Rs 100000 and Rs 50000. Current accounts show A Rs 3000 debit and B Rs 4000 credit. What is total partners claim?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method if current account is not shown but adjustments are given what is the most appropriate exam conclusion?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method As capital is Rs 100000 and current account has Rs 3000 debit. During the year profit share is Rs 20000 and drawings are Rs 25000. What is closing current balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf under fixed capital method interest on capital is wrongly credited to capital account what is the correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method A has capital of Rs 90000 and a debit balance of Rs 8000 in current account. If A brings additional capital of Rs 20000 what is As total net position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyA current account had opening debit balance five thousand rupees. During the year he received interest on capital seven thousand rupees and salary nine thousand rupees. Drawings are twenty thousand rupees. Under fixed capital method what is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees. He made normal drawings of eight thousand rupees and permanent capital withdrawal of twelve thousand rupees. What will be closing capital account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA opening capital is one lakh rupees and during the year two additional capitals of ten thousand and fifteen thousand rupees were introduced. Under fixed capital method what is closing capital if there is no capital withdrawal?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method revaluation profit is distributed among partners. If capital accounts are to remain fixed where will this profit be credited?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees and B capital is eighty thousand rupees. A current account has debit ten thousand and B current account has credit ten thousand. What capital ratio should be considered?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 fixed capital method A current account is debit twelve thousand rupees and capital account is credit forty thousand rupees. If A withdraws eight thousand rupees from permanent capital which balance changes?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A capital is one lakh rupees and current account has credit balance fifteen thousand rupees. If the deed says interest on capital is only on capital account balance what is the base for interest?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard