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Journal Entry

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

AccountancyIn a question the retiring partner's goodwill claim is ₹ 54000 but total debit to continuing partners' capital accounts is only ₹ 48000. What is the main error?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHardAccountancyWhen retiring partner's goodwill is adjusted through continuing partners' capital accounts which account will be credited?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHardAccountancyWhile making indirect adjustment of goodwill on retirement which account is generally not opened?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHardAccountancyIn which situation will retiring partner's goodwill be directly credited to his capital account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHardAccountancyWhich entry is correct when goodwill is adjusted without raising goodwill account on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyWhy are continuing partners' capital accounts debited in goodwill adjustment?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyWhich account is credited with the retiring partner's goodwill amount?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyWhich is the correct entry to remove old goodwill from books?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyWhen goodwill is adjusted without opening goodwill account which entry is correct?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMediumAccountancyWhich is the correct journal entry when A and B are gaining partners and C retires?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyIf goodwill does not already appear in books then which entry is generally passed on retirement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyWhen a retiring partner’s share of goodwill is adjusted without recording goodwill in the reconstituted firm, which journal entry is correct?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyIn the usual goodwill adjustment entry on retirement, what happens to the capital accounts of the gaining partners?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyIf goodwill is not to be shown in the books, which account is credited with the retiring partner's share of goodwill in the adjustment entry?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasyAccountancyWhich entry is correct for distributing accumulated loss ₹72000 among old partners in old ratio?Class 12Reconstitution - Admission of a PartnerReservesExpertAccountancyWhich entry is correct for distributing accumulated loss ₹56000 among old partners in old ratio?Class 12Reconstitution - Admission of a PartnerReservesExpertAccountancyWhich entry is correct for distributing accumulated loss ₹42000 among old partners in old ratio?Class 12Reconstitution - Admission of a PartnerReservesExpertAccountancyIf old partners' capital accounts are debited in the entry for closing an old reserve, what is the main error?Class 12Reconstitution - Admission of a PartnerReservesHardAccountancyIn the entry for distributing accumulated loss among old partners which account will be credited?Class 12Reconstitution - Admission of a PartnerReservesMediumAccountancyWhich is the correct journal entry for closing General Reserve?Class 12Reconstitution - Admission of a PartnerReservesMedium

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