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Partner Accounts

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

AccountancyWhat does closing partners' capital accounts at the end of dissolution mean?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIn which situation does a partner’s Capital Account show a credit balance?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyA B C have capitals ₹50000 ₹40000 and ₹30000 respectively. Realisation loss is ₹24000 and ratio is 2:1:1. What is A's final capital?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf profit sharing ratio is not given how will profit or loss be shared on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIn which ratio is realisation profit or loss distributed in partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf partial amount is received from an insolvent partner then what is the effect on his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf a partner cannot pay the firm and does not have enough private assets then what is he called?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyC's capital is credit ₹20000. C takes over a creditor of ₹5000 and his share of realisation loss is ₹7000. What is the final credit balance?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyA's capital is credit ₹50000. A takes an asset of ₹12000 and his share of realisation profit is ₹8000. What is the final amount payable?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf C's capital account has final debit balance ₹9000 then what is the correct closing entry?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf A's capital account has final credit balance ₹38000 then what is the correct closing entry?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyFinal payment of partners' capital accounts on dissolution is made through which account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf A's capital is credit ₹45000 and interest on drawings is ₹2500 then how much will A receive after adjustment?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyInterest on drawings is recorded on which side of a partner's capital account on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf interest on capital is outstanding on dissolution what is generally done in the partner's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyDrawings balance is transferred to which side of a partner's capital account on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf the debit balance of the Profit and Loss Account is ₹24,000 and A and B share profits in the ratio of 3:1, how much will be debited to A’s Capital Account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyAt the time of dissolution of a partnership firm, the general reserve is ₹30,000. If A, B and C share profits in the ratio 2:2:1, how much will be credited to C’s account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyHow is accumulated loss transferred to partners' capital accounts on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyGeneral reserve is transferred to which side of partners' capital accounts on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium