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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।

AccountancyOn dissolution, how is the surplus amount of workmen compensation reserve distributed among partners?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyOn dissolution, how is the debit balance of profit and loss account recorded in partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyOn dissolution, how is the credit balance of the Profit and Loss Account distributed among partners’ capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyOn dissolution, the balance of general reserve is recorded on which side of partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf there is loss in realisation account, what entry is made in partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf there is profit in realisation account, what entry is made in partners' capital accounts?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyOn dissolution, when is a partner's loan account kept separate from his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf capital accounts are maintained under fixed capital method, where is the current account balance transferred on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyWhich main account is prepared before closing partners' capital accounts on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyThe Realisation Account shows a profit of ₹21,000. If the firm has three partners who share profits equally, what amount will be transferred to each partner’s account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyWhy is the deceased partner’s share of undistributed profit added to their account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyGoodwill appearing in the books, valued at ₹84,000, is to be written off among the partners in their old ratio of 3:2:2. What amount will be debited to A’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA retiring partner’s share of goodwill is ₹30,000. Partners B and C will bear it in the gaining ratio \(4:1\). What amount should be debited to C’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA and B share profits and losses in the ratio of 5:3. The Profit and Loss Account has a debit balance of ₹32,000. What amount will be debited to A’s account in the old ratio?Class 12Reconstitution - Admission of a PartnerReservesMedium AccountancyIf B has a net debit effect in the adjustment table, where will B appear in the final entry?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyA’s salary was wrongly credited to B’s account. What is the correct correction entry?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIn an adjustment entry, the account of a partner who is to receive a benefit appears on which side?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyTo which account is the final balance of profit in appropriation account transferred?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf the final result is a loss, how will it be recorded in the partners' accounts?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhat is the main difference between the capital account and the current account under the fixed-capital method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy