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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 A capital is one lakh rupees. He received salary ten thousand rupees commission four thousand rupees profit share six thousand rupees and drawings are twenty five thousand rupees. What is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method what is the effect when drawings account is closed at year end?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital account shows debit balance of eight thousand rupees. What situation can this indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyB capital account has opening credit balance of ninety thousand rupees. During the year share of loss is sixteen thousand rupees drawings are fourteen thousand rupees and additional capital is twenty thousand rupees. Under fluctuating method what is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method interest on capital was wrongly credited twice. What will be the correct effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyB closing capital is ninety thousand rupees. During the year additional capital was fifteen thousand rupees profit share was twelve thousand rupees and drawings were seven thousand rupees. Under fluctuating method what was opening capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A opening capital is one lakh twenty thousand rupees additional capital is twenty thousand rupees share of profit is eighteen thousand rupees interest on capital is six thousand rupees drawings are fifteen thousand rupees and interest on drawings is one thousand rupees. What is closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partners drawings account is being closed to capital account what method may this indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder the fluctuating capital method, if a partner's share of profit is accidentally omitted from his capital account, what will be the effect on his closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method which is the correct item to be credited to capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf drawings are Rs 12000 and loss share is Rs 5000 what will be total debit in capital account under fluctuating method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method As opening capital is Rs 70000. Loss share is Rs 6000 and drawings are Rs 9000. What will be closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method As capital is Rs 85000. During the year salary is Rs 12000 profit share is Rs 18000 and drawings are Rs 10000. What will be closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf a current account is separately prepared under fluctuating capital method what main care is needed?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method to which account can a partners drawings account be closed at year end?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf As capital is Rs 50000 he withdrew capital of Rs 10000 and received profit of Rs 8000 what will be closing capital under fluctuating method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder the fluctuating capital method, which item is not recorded on the credit side of a partner’s capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method which item will be recorded on debit side of capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf fluctuating capital method is adopted why are separate current accounts generally not prepared?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method partner salary is Rs 9000 and loss share is Rs 3000. What is the net effect on capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium