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Personal Expense

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

AccountancyThe firm paid A's household rent of ₹24000 and recorded it as rent expense. What will be the effect on A's account in the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyThe firm paid partner's personal life insurance premium (₹15000). How should it be recorded?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyThe firm paid B's personal insurance premium of ₹18000 and did not treat it as drawings. What is the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyThe firm paid ₹12,000 for partner A’s personal expense in cash but recorded it as a business expense. What effect will the rectifying entry have on A’s account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyThe firm paid partner B's personal mobile bill of Rs 3,600. What adjustment should be made in B's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf the firm paid a partner's personal expense and it was not recorded, what is the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf partners personal expense was treated as firm expense what should be done in correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf the firm pays a partners personal expense what type of adjustment is it?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium 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 the firm paid partners house rent of Rs 24000 and the deed calls it personal expense where will it be debited under fixed capital method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method personal expense of Rs 7000 was wrongly treated as firm expense and not recorded in partners account. What is the correct capital treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf the firm pays a partner’s personal expense but records it as a Profit and Loss expense, what effect on the partner’s capital or current account has been omitted?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyB's current account opened with a Rs 4000 debit balance. Commission of Rs 9000 and share of profit Rs 11000 were credited to B, and the firm paid B's personal expenses of Rs 7500. What will be the closing balance and on which side will it appear?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf the firm paid partners personal expense of three thousand rupees and it is treated as drawings which entry is correct under fluctuating method?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf a partner paid a personal expense from the firm's bank account, how should it be shown in the capital accounts?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyUnder fluctuating capital method the firm paid a partners personal expense. Which account will be debited?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyThe deed follows fixed capital method and B paid a personal expense through the firm. In which account will this amount usually be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed treats a partner’s personal expense as drawings, which account will be debited when the firm pays it?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed says partners must not take personal expenses from the firm. Still A paid personal rent from firm money. How will it be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe deed treats insurance premium as a partners personal expense. If the firm pays it what is the correct accounting effect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard