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Fluctuating Capital

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

AccountancyUnder fluctuating capital method which sequence reduces errors while finding closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fluctuating capital method A opening capital is two lakh rupees. During the year additional capital is twenty five thousand rupees interest on capital is ten thousand rupees profit share is eighteen thousand rupees drawings are twenty two thousand rupees and interest on drawings is three thousand rupees. What is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf all items such as salary drawings profit and interest are recorded in a partners capital account which method is indicated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyUnder fluctuating capital method As capital account has opening credit balance Rs 50000 and closing debit balance Rs 10000. What is the net change?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf partner salary is credited to capital account and debited to Profit and Loss Appropriation Account under which method can it be correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyUnder the fluctuating capital method, drawings of Rs 20,000 were wrongly credited to the capital account. What is the total wrong effect on the capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fluctuating capital method opening capital is Rs 125000. Salary is Rs 15000 profit share is Rs 22000 drawings are Rs 18000 and interest on drawings is Rs 1500. What will be closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyUnder fluctuating capital method A capital is one lakh rupees. He made normal drawings of eight thousand and permanent withdrawal of twelve thousand. What is closing capital if there are no other items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder the fluctuating capital method, a revaluation loss is shared by A and B in the ratio 3:2. The total loss is Rs 25,000. How much will be debited to A's capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMediumAccountancyUnder fluctuating capital method A and B closing capitals are ninety thousand and sixty thousand rupees. If profit next year is to be shared in capital ratio what will be the ratio?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyA opening capital is one lakh rupees. During the year machinery worth forty thousand rupees was brought as capital and firm accepted liability of ten thousand rupees on it. Later drawings were fifteen thousand rupees. Under fluctuating method what is closing capital if there are no other items?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fluctuating capital method drawings were wrongly credited. Drawings amount is ten thousand rupees. What is the total error effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fluctuating capital method share of loss was ignored instead of being debited. Loss amount is eight thousand rupees. What is the effect on closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyB closing capital is one lakh ten thousand rupees. During the year additional capital was twenty thousand rupees interest on capital was six thousand rupees share of loss was nine thousand rupees and drawings were eleven thousand rupees. Under fluctuating method what was opening capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fluctuating capital method A opening capital is one lakh fifty thousand rupees. During the year additional capital is thirty thousand rupees share of profit is twenty two thousand rupees salary is twelve thousand rupees drawings are eighteen thousand rupees and interest on drawings is two thousand rupees. What is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder the fluctuating capital method, goodwill adjustment requires crediting A by Rs 12,000 and debiting B by Rs 8,000. Whose capital balance will increase?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMediumAccountancyUnder fluctuating capital method A opening capital is fifty thousand rupees. Additional capital is ten thousand rupees profit share is five thousand rupees share of loss is seven thousand rupees and drawings are three thousand rupees. What is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf the firm paid partners personal expense of three thousand rupees and it is treated as drawings which entry is correct under fluctuating method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder fluctuating capital method if both normal drawings and permanent capital withdrawal exist what account is immediately affected by both?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyUnder the fluctuating capital method, if a partner's share of profit is not credited but drawings are correctly debited, what will be the effect on the closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard

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