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Partner Capital Account

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

AccountancyAt the time of dissolution, a partner took over an asset valued at ₹32,000 and a liability of ₹7,000. What will be the net effect on the partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf a partner bears the realisation expenses on behalf of the firm and the firm reimburses the partner, through which account is the reimbursement recorded?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf a partner takes over machinery at an agreed value of ₹12,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyA partner personally pays realization expenses of ₹3,000, and the firm agrees to reimburse him. When this liability is recorded in the firm’s books, which account is credited?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partner takes over the firm’s motor car for ₹48,000, what entry will be made in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn dissolution of the firm, a partner takes over an unrecorded asset for ₹9,000. What amount will be recorded in the Realisation Account?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyIf a partner personally pays dissolution expenses of ₹3,000 and the firm later reimburses him, which account will be credited?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, if a partner takes over an asset valued at ₹7,000 and a liability of ₹7,000, what will be the net effect on the partner’s capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, if a partner takes over a firm's asset at the agreed value of ₹12,000, what will be the effect on his capital account?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyIf a partner pays dissolution expenses on behalf of the firm, to whom will the firm reimburse the amount?Class 12Dissolution of a Partnership FirmClosing the BusinessEasy AccountancyThe gross claim of a deceased partner is ₹166000. Accumulated loss of ₹6000 and drawings of ₹10000 are to be debited to the partner’s Capital Account. What will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAt the time of a partner’s death, his Capital Account shows ₹69,000, his share of profit up to the date of death is ₹11,000, and his share of the reserve fund is ₹20,000. What amount is payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are profits accruing after the date of death not included in the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital account has a credit balance of ₹90000, and his drawings are ₹10000. Ignoring interest, profit and other adjustments, what will be the net amount payable to the partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyHow is the salary due to a deceased partner treated in the partner’s capital account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhy is the deceased partner’s share of profit earned up to the date of death credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyOn a partner’s death, how are goodwill and the deceased partner’s share of profit up to the date of death generally recorded in the partner’s capital or current account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyA firm has a Dividend Equalisation Reserve of ₹64,000 and Advertisement Suspense Expenditure of ₹16,000. At the admission of a new partner, what will be the net effect on the second partner’s Capital Account in the old partnership ratio of 3:5?Class 12Reconstitution - Admission of a PartnerReservesHard AccountancyA, B and C share profits and losses in the ratio 6:3:1. The General Reserve is ₹1,00,000 and the accumulated loss is ₹20,000. At the time of reconstitution, how much will be credited to B’s Capital Account?Class 12Reconstitution - Admission of a PartnerReservesExpert AccountancyAccumulated profit is ₹66000 and accumulated loss is ₹84000. In the old partnership ratio of 5:4, what will be the net effect on the first partner?Class 12Reconstitution - Admission of a PartnerReservesHard