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Liabilities

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

AccountancyAn amount of ₹1,20,000 payable to a retiring partner is transferred to the partner’s loan account. Which accounting element will increase due to this entry?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyRead the statement: “The retiring partner’s loan account is a liability of the firm and is debited when payment is made.” This statement is:Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyAt the time of admission of a new partner, creditors are reduced from ₹96,000 to ₹88,000. What amount will be shown for creditors in the new balance sheet?Class 12Reconstitution - Admission of a PartnerAsset RevaluationMedium AccountancyIf a partner's capital account shows a credit balance and the firm has taken a separate loan from the same partner, which of the following statements is correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf A's capital account has a closing balance of Rs 64,000 as a credit (not a debit), what does this indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyWhat does a credit balance in a capital account usually indicate?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyIf capital account closes with credit balance on which side is it shown in balance sheet?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy