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Partner Account

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

AccountancyIn adjustment entries, why is a partner's account credited when he receives less profit than his entitled share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyWhen a partner has been paid more than his rightful share of profit, why is his partner account debited during adjustments?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf interest on capital is debited to the appropriation account, what is the corresponding entry in the partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on drawings is credited to the appropriation (profit distribution) account, what will be the corresponding effect in the partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyInterest on drawings was wrongly credited to a partner’s account. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf a partner pays a firm’s expense from personal funds, what adjustment is made in the partner’s account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on drawings was omitted, what will happen in the concerned partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyA shares only profits and is exempt from losses. A B profit ratio is one to two. Loss is thirty thousand rupees. How much will be debited to B?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyB is to receive guarantee deficiency of twelve thousand rupees. Deficiency is borne equally by A and C. What is the effect in A account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyAfter appropriations debit side of appropriation account exceeds credit side by thirty thousand rupees. A B ratio is two to three. What happens in B account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf B has a guarantee and the deficiency is to be made good equally by A and C how will deficiency be shown in B account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyWhen interest on drawings is credited to the Profit and Loss Appropriation Account, what happens in the partner's account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhat is the "second effect" of interest on capital in a partner's account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf a partner gets personal expense paid by the firm how should it be understood in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf interest on capital is credited to a partner's account, what is the reason for this?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf interest on drawings is debited to a partner’s account, what is the reason?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf commission of ₹4,000 and salary of ₹6,000 are payable to A, what total amount will be credited to A's account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn profit distribution partner salary is credited to whose account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf salary of five thousand rupees and commission of three thousand rupees are payable to A what total credit will be made to A account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn profit distribution what is partners personal life insurance premium generally treated as if firm paid it?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy