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Interest On 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 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 AccountancyIf interest on capital is payable but capital account has debit balance why should the base be examined carefully?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 fluctuating capital method interest on capital was wrongly credited twice. What will be the correct effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on capital has been wrongly debited to a partner's account, what is the correct rectification?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf the deed is silent why will interest on partners capital not be recorded in capital accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf A and B have capitals of Rs 50,000 and Rs 75,000 respectively and the interest rate is 8%, how much interest on capital will B receive?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf Bs current account starts with Rs 3000 debit and he receives interest on capital of Rs 8000 what will be the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf profit is to be distributed only after allowing interest on capital which credit item will first appear in partners account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on partners capital is not provided in the deed how will it be treated in capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on As capital is Rs 3000 and interest on Bs capital is Rs 2000 what will be total debit in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyA and B have capitals of Rs 40,000 and Rs 60,000 respectively. If interest on capital is 5% what will be the total interest?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyA's capital is Rs 100000 and the annual interest on capital is 10%. What is the interest on capital for the year?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyA invested ₹1,00,000 as capital. During the year, he received ₹6,000 interest on capital and had a share of loss of ₹12,000. Under the fluctuating-capital method, what will be his capital if there are no drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on capital is wrongly debited to a partner's account, what will be the effect on the partner's capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyB opening capital is ninety thousand rupees. Interest on capital allowed is five thousand rupees and interest on drawings charged is one thousand rupees. What is the net effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyFrom which account is interest on capital transferred to capital or current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyUnder fixed capital method, where will interest on capital be recorded?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyInterest on a partners capital is Rs 3000. Under fluctuating capital method, where will it go?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyOn which side is interest on capital recorded in a partners account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy