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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 goodwill adjustment required crediting A by fifteen thousand rupees and debiting B by fifteen thousand rupees. It was wrongly done in capital accounts. What is the correct correction?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method B current account has opening debit balance seven thousand rupees. Interest on capital is four thousand rupees share of profit is ten thousand rupees drawings are fourteen thousand rupees and loss adjustment is five thousand rupees. What is closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account has opening credit of eight thousand rupees. He receives salary fifteen thousand rupees commission five thousand rupees and has drawings sixteen thousand rupees and interest on drawings three thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method goodwill adjustment was wrongly recorded in capital account while goodwill benefit should go to old partners current accounts. What will be the effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method how does credit balance of current account affect capital?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 capital account has only opening capital but closing capital appears changed. Which reason can be correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf two partners capital accounts are fixed but one partner has a large debit current account balance what caution should be taken while comparing capital ratio?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account had opening credit ten thousand rupees. He received salary nine thousand rupees share of loss seven thousand rupees and drawings eight thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder the fixed capital method, when the drawings account is closed at year end, which account is affected (debited)?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 AccountancyIf partners capital is to be kept fixed as per deed which item should not go to capital account?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 AccountancyUnder fixed capital method interest on capital was wrongly credited to capital account although current account is prepared. What is the correct rectifying entry?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method B current account has opening credit balance of five thousand rupees. Share of loss is nine thousand rupees drawings are six thousand rupees and interest on capital is four thousand rupees. What is the closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method A current account has opening debit balance of six thousand rupees. Salary is twelve thousand rupees profit share is eight thousand rupees drawings are ten thousand rupees and interest on drawings is two thousand rupees. What is closing current account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf under fixed capital method drawings account is wrongly closed to capital account what will happen?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf As opening capital is Rs 40000 and during the year additional capital is Rs 10000 and capital withdrawal is Rs 5000 what is closing capital under fixed method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder the fixed capital method, which item is recorded in the current account and not in the capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder the fixed capital method, partner A's capital account shows a balance of Rs 100,000 and the current account shows a Rs 15,000 credit balance. What is A's total position?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium