A. साझेदार को भुगतान करना है/Amount is payable to partner
Step 1
Concept
Credit balance shows the firm's liability to the partner. It is paid in final settlement.
Step 2
Why this answer is correct
The correct answer is A. साझेदार को भुगतान करना है / Amount is payable to partner. Credit balance shows the firm's liability to the partner. It is paid in final settlement.
Step 3
Exam Tip
जमा शेष फर्म की साझेदार के प्रति देनदारी दिखाता है। अंतिम निपटान में यह राशि चुकाई जाती है।
A. साझेदार से राशि वसूल करनी है/Amount is recoverable from partner
Step 1
Concept
Debit balance shows that the partner has to pay the firm. It is recovered in final settlement.
Step 2
Why this answer is correct
The correct answer is A. साझेदार से राशि वसूल करनी है / Amount is recoverable from partner. Debit balance shows that the partner has to pay the firm. It is recovered in final settlement.
Step 3
Exam Tip
नाम शेष बताता है कि साझेदार फर्म को राशि देगा। इसे अंतिम निपटान में वसूल किया जाता है।
A. साझेदार का पूंजी खाता नामित होगा/Partner's capital account will be debited
Step 1
Concept
When goods are taken, the partner receives value from the firm, so capital account is debited. Use agreed value.
Step 2
Why this answer is correct
The correct answer is A. साझेदार का पूंजी खाता नामित होगा / Partner's capital account will be debited. When goods are taken, the partner receives value from the firm, so capital account is debited. Use agreed value.
Step 3
Exam Tip
माल लेने से साझेदार को फर्म से मूल्य मिलता है इसलिए पूंजी खाता नामित होता है। सहमत मूल्य का प्रयोग करें।
A. पूंजी खाता जमा होगा/Capital account will be credited
Step 1
Concept
By taking a liability, the partner reduces the firm's burden, so his capital account is credited. Credit the partner who assumes the liability.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता जमा होगा / Capital account will be credited. By taking a liability, the partner reduces the firm's burden, so his capital account is credited. Credit the partner who assumes the liability.
Step 3
Exam Tip
देनदारी लेने से साझेदार फर्म का भार कम करता है इसलिए उसका पूंजी खाता जमा होता है। देनदारी लेने वाले साझेदार को क्रेडिट करें।
Accumulated profits increase capital, so they are recorded on credit side. Share them in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. Accumulated profits increase capital, so they are recorded on credit side. Share them in profit sharing ratio.
Step 3
Exam Tip
संचित लाभ पूंजी बढ़ाते हैं इसलिए जमा पक्ष में लिखे जाते हैं। इन्हें लाभ-विभाजन अनुपात में बांटें।
Accumulated loss reduces capital, so it is recorded on debit side. It is shared in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. नाम पक्ष / Debit side. Accumulated loss reduces capital, so it is recorded on debit side. It is shared in profit sharing ratio.
Step 3
Exam Tip
संचित हानि पूंजी घटाती है इसलिए नाम पक्ष में लिखी जाती है। इन्हें लाभ-विभाजन अनुपात में बांटा जाता है।
Kh's share is three-eighth, so he receives twelve thousand rupees. Credit profit to capital account.
Step 2
Why this answer is correct
The correct answer is A. बारह हजार रुपये / ₹12,000. Kh's share is three-eighth, so he receives twelve thousand rupees. Credit profit to capital account.
Step 3
Exam Tip
ख का हिस्सा तीन आठवां है इसलिए बारह हजार रुपये मिलेंगे। लाभ को पूंजी खाते में जमा करें।
Taking a machine gives the partner an asset, so capital account is debited. Record the agreed value of the asset.
Step 2
Why this answer is correct
The correct answer is A. बीस हजार रुपये नाम / Debit ₹20,000. Taking a machine gives the partner an asset, so capital account is debited. Record the agreed value of the asset.
Step 3
Exam Tip
मशीन लेने से साझेदार को संपत्ति मिलती है इसलिए पूंजी खाता नामित होता है। संपत्ति की सहमत कीमत लिखें।
Taking over a liability gives relief to the firm. Therefore the partner's capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये जमा / Credit ₹6,000. Taking over a liability gives relief to the firm. Therefore the partner's capital account is credited.
Step 3
Exam Tip
देनदारी लेने से साझेदार फर्म को राहत देता है। इसलिए उसका पूंजी खाता जमा किया जाता है।
Taking stock debits eight thousand and cash paid credits two thousand. Net effect is debit six thousand.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये नाम / Debit ₹6,000. Taking stock debits eight thousand and cash paid credits two thousand. Net effect is debit six thousand.
Step 3
Exam Tip
स्टॉक लेने से आठ हजार नाम और नकद देने से दो हजार जमा होगा। शुद्ध प्रभाव छह हजार नाम है।
Taking liability credits eleven thousand and taking asset debits four thousand. Net effect is credit seven thousand.
Step 2
Why this answer is correct
The correct answer is A. सात हजार रुपये जमा / Credit ₹7,000. Taking liability credits eleven thousand and taking asset debits four thousand. Net effect is credit seven thousand.
Step 3
Exam Tip
देनदारी लेने से ग्यारह हजार जमा और संपत्ति लेने से चार हजार नाम होगा। शुद्ध प्रभाव सात हजार जमा है।
When cash is received from a partner, his payable amount reduces and capital account is credited. It is useful for settling debit balance.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. When cash is received from a partner, his payable amount reduces and capital account is credited. It is useful for settling debit balance.
Step 3
Exam Tip
साझेदार से नकद मिलने पर उसकी देय राशि घटती है और पूंजी खाता जमा होता है। यह नाम शेष की पूर्ति में उपयोगी है।
Credit balance of current account is receivable by partner. It is credited to capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते में जमा / Credited to capital account. Credit balance of current account is receivable by partner. It is credited to capital account.
Step 3
Exam Tip
चालू खाते का जमा शेष साझेदार की प्राप्ति है। इसे पूंजी खाते में जमा किया जाता है।
Debit balance of current account is recoverable from partner. It is debited to capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते में नाम / Debited to capital account. Debit balance of current account is recoverable from partner. It is debited to capital account.
Step 3
Exam Tip
चालू खाते का नाम शेष साझेदार से वसूल योग्य है। इसे पूंजी खाते में नामित किया जाता है।
A. क्योंकि यह फर्म की अलग देनदारी है/Because it is a separate liability of the firm
Step 1
Concept
Partner's loan is treated as a liability separate from capital. It is generally not mixed with capital account.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह फर्म की अलग देनदारी है / Because it is a separate liability of the firm. Partner's loan is treated as a liability separate from capital. It is generally not mixed with capital account.
Step 3
Exam Tip
साझेदार का ऋण पूंजी से अलग देनदारी माना जाता है। इसे पूंजी खाते में मिलाना सामान्य नियम नहीं है।
Loan payable to partner is kept in a separate loan account. Identify it separately from capital account.
Step 2
Why this answer is correct
The correct answer is A. साझेदार ऋण खाते में / In partner's loan account. Loan payable to partner is kept in a separate loan account. Identify it separately from capital account.
Step 3
Exam Tip
साझेदार को देय ऋण अलग ऋण खाते में रखा जाता है। पूंजी खाते से इसे अलग पहचानें।
A. साझेदार से वसूल योग्य राशि/Amount recoverable from partner
Step 1
Concept
The firm has to receive the loan from the partner, so it is recoverable. It may be adjusted in final settlement.
Step 2
Why this answer is correct
The correct answer is A. साझेदार से वसूल योग्य राशि / Amount recoverable from partner. The firm has to receive the loan from the partner, so it is recoverable. It may be adjusted in final settlement.
Step 3
Exam Tip
फर्म को साझेदार से ऋण मिलना है इसलिए यह वसूली योग्य है। इसे अंतिम भुगतान में समायोजित किया जा सकता है।
The firm has to recover five thousand rupees, so payment will reduce. Net payment will be twenty five thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. पच्चीस हजार रुपये / ₹25,000. The firm has to recover five thousand rupees, so payment will reduce. Net payment will be twenty five thousand rupees.
Step 3
Exam Tip
फर्म को पांच हजार रुपये वसूलने हैं इसलिए भुगतान घटेगा। शुद्ध भुगतान पच्चीस हजार रुपये होगा।
Drawings are amounts withdrawn by the partner, so capital decreases. Record it on debit side of capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी घटाता है / It reduces capital. Drawings are amounts withdrawn by the partner, so capital decreases. Record it on debit side of capital account.
Step 3
Exam Tip
आहरण साझेदार द्वारा निकाली गई राशि है इसलिए पूंजी घटती है। इसे पूंजी खाते के नाम पक्ष में लिखें।
A. पूंजी खाता नामित होगा/Capital account will be debited
Step 1
Concept
Interest on drawings is an amount payable by the partner. Therefore his capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता नामित होगा / Capital account will be debited. Interest on drawings is an amount payable by the partner. Therefore his capital account is debited.
Step 3
Exam Tip
आहरण पर ब्याज साझेदार की देय राशि है। इसलिए उसका पूंजी खाता नामित होता है।
A. पूंजी खाता जमा होगा/Capital account will be credited
Step 1
Concept
Interest on capital is income of the partner. It is credited to capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता जमा होगा / Capital account will be credited. Interest on capital is income of the partner. It is credited to capital account.
Step 3
Exam Tip
पूंजी पर ब्याज साझेदार की आय है। इसे पूंजी खाते में जमा किया जाता है।
Commission is receivable by the partner, so it is credited to capital account. Recognizing payable income is important.
Step 2
Why this answer is correct
The correct answer is A. जमा होगा / It will be credited. Commission is receivable by the partner, so it is credited to capital account. Recognizing payable income is important.
Step 3
Exam Tip
कमीशन साझेदार की प्राप्ति है इसलिए पूंजी खाते में जमा किया जाता है। देय आय को पहचानना जरूरी है।
A. प्राप्ति लाभ या हानि के माध्यम से/Through realisation profit or loss
Step 1
Concept
Expenses paid by firm go to realisation account. Their effect reaches capital accounts as profit or loss.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति लाभ या हानि के माध्यम से / Through realisation profit or loss. Expenses paid by firm go to realisation account. Their effect reaches capital accounts as profit or loss.
Step 3
Exam Tip
फर्म द्वारा चुकाए गए व्यय प्राप्ति खाते में जाते हैं। उनका असर अंत में लाभ या हानि के रूप में पूंजी खातों पर आता है।
A. उसके पूंजी खाते के जमा पक्ष में/Credit side of his capital account
Step 1
Concept
Remuneration is income of the partner, so it is credited to his capital account. Treat it separately from expense payment.
Step 2
Why this answer is correct
The correct answer is A. उसके पूंजी खाते के जमा पक्ष में / Credit side of his capital account. Remuneration is income of the partner, so it is credited to his capital account. Treat it separately from expense payment.
Step 3
Exam Tip
पारिश्रमिक साझेदार की आय है इसलिए उसके पूंजी खाते में जमा किया जाता है। इसे व्यय भुगतान से अलग समझें।
Both amounts are payable to the partner, so total credit is five thousand rupees. Add such small items carefully.
Step 2
Why this answer is correct
The correct answer is A. पांच हजार रुपये / ₹5,000. Both amounts are payable to the partner, so total credit is five thousand rupees. Add such small items carefully.
Step 3
Exam Tip
दोनों राशियां साझेदार को देय हैं इसलिए कुल पांच हजार रुपये जमा होंगे। ऐसे छोटे मदों को जोड़कर लिखें।
Unrecorded investment is also an asset. When a partner takes it, his capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. नामित होगा / It will be debited. Unrecorded investment is also an asset. When a partner takes it, his capital account is debited.
Step 3
Exam Tip
अविलेखित निवेश भी संपत्ति है। साझेदार द्वारा लेने पर उसका पूंजी खाता नामित होता है।
By taking a liability, the partner benefits the firm. Therefore his capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. जमा होगा / It will be credited. By taking a liability, the partner benefits the firm. Therefore his capital account is credited.
Step 3
Exam Tip
देनदारी उठाने पर साझेदार फर्म को लाभ देता है। इसलिए उसका पूंजी खाता जमा होता है।
A. पूंजी खाते के नाम शेष से/Debit balance of capital account
Step 1
Concept
Deficiency of an insolvent partner arises from debit balance of his capital account. The rule tells who will bear it.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते के नाम शेष से / Debit balance of capital account. Deficiency of an insolvent partner arises from debit balance of his capital account. The rule tells who will bear it.
Step 3
Exam Tip
दिवालिया साझेदार की कमी उसके पूंजी खाते के नाम शेष से बनती है। नियम बताता है कि इसे कौन सहन करेगा।
When amount is received from insolvent partner, his due amount reduces. Therefore it is credited to his capital account.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. When amount is received from insolvent partner, his due amount reduces. Therefore it is credited to his capital account.
Step 3
Exam Tip
दिवालिया साझेदार से राशि मिलने पर उसकी देय राशि घटती है। इसलिए उसके पूंजी खाते में जमा किया जाता है।
Out of ten thousand, four thousand is received, so deficiency is six thousand rupees. Only unpaid amount is deficiency.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये / ₹6,000. Out of ten thousand, four thousand is received, so deficiency is six thousand rupees. Only unpaid amount is deficiency.
Step 3
Exam Tip
दस हजार में से चार हजार प्राप्त हुए इसलिए कमी छह हजार रुपये है। केवल न मिली राशि कमी कहलाती है।
The ratio of thirty thousand and twenty thousand is three is to two. Garner versus Murray uses capital ratio.
Step 2
Why this answer is correct
The correct answer is A. तीन अनुपात दो / Three is to two. The ratio of thirty thousand and twenty thousand is three is to two. Garner versus Murray uses capital ratio.
Step 3
Exam Tip
तीस हजार और बीस हजार का अनुपात तीन अनुपात दो है। गार्नर बनाम मरे में पूंजी अनुपात उपयोग होता है।
Only after finding result of realisation account, profit or loss is transferred to capital accounts. Complete realisation account first.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति खाता / Realisation Account. Only after finding result of realisation account, profit or loss is transferred to capital accounts. Complete realisation account first.
Step 3
Exam Tip
प्राप्ति खाते का परिणाम निकालकर ही लाभ या हानि पूंजी खातों में भेजी जाती है। पहले प्राप्ति खाता पूरा करें।
Realisation loss reduces capital. So credit balance reduces from twenty thousand to fifteen thousand.
Step 2
Why this answer is correct
The correct answer is A. पंद्रह हजार रुपये जमा / Credit ₹15,000. Realisation loss reduces capital. So credit balance reduces from twenty thousand to fifteen thousand.
Step 3
Exam Tip
प्राप्ति हानि पूंजी को घटाती है। इसलिए जमा शेष बीस हजार से घटकर पंद्रह हजार होगा।
Realisation profit increases capital. Add six thousand to eighteen thousand to get credit twenty four thousand.
Step 2
Why this answer is correct
The correct answer is A. चौबीस हजार रुपये जमा / Credit ₹24,000. Realisation profit increases capital. Add six thousand to eighteen thousand to get credit twenty four thousand.
Step 3
Exam Tip
प्राप्ति लाभ पूंजी बढ़ाता है। इसलिए अठारह हजार में छह हजार जोड़कर चौबीस हजार जमा होगा।
Out of five thousand, three thousand is received, so two thousand remains. It is still recoverable.
Step 2
Why this answer is correct
The correct answer is A. दो हजार रुपये नाम / Debit ₹2,000. Out of five thousand, three thousand is received, so two thousand remains. It is still recoverable.
Step 3
Exam Tip
पांच हजार में से तीन हजार प्राप्त हुए इसलिए दो हजार रुपये बाकी रहेंगे। यह अभी भी वसूली योग्य है।
A. बैंक खाता जमा होगा/Bank account will be credited
Step 1
Concept
Payment to partner reduces bank balance. Therefore bank account is credited.
Step 2
Why this answer is correct
The correct answer is A. बैंक खाता जमा होगा / Bank account will be credited. Payment to partner reduces bank balance. Therefore bank account is credited.
Step 3
Exam Tip
साझेदार को भुगतान करने से बैंक शेष घटता है। इसलिए बैंक खाता जमा होता है।
A. रोकड़ खाता नामित होगा/Cash account will be debited
Step 1
Concept
When cash is received from partner, cash increases. Therefore cash account is debited.
Step 2
Why this answer is correct
The correct answer is A. रोकड़ खाता नामित होगा / Cash account will be debited. When cash is received from partner, cash increases. Therefore cash account is debited.
Step 3
Exam Tip
साझेदार से नकद मिलने पर नकद बढ़ता है। इसलिए रोकड़ खाता नामित होता है।
A. उसका पूंजी खाता जमा होगा/His capital account will be credited
Step 1
Concept
The partner paid on behalf of the firm, so the firm owes him. Therefore credit his capital account.
Step 2
Why this answer is correct
The correct answer is A. उसका पूंजी खाता जमा होगा / His capital account will be credited. The partner paid on behalf of the firm, so the firm owes him. Therefore credit his capital account.
Step 3
Exam Tip
साझेदार ने फर्म की ओर से भुगतान किया है इसलिए फर्म उस पर देनदार है। इसलिए पूंजी खाते में जमा करें।
Realisation loss reduces capital, so it is recorded on debit side. The other items increase capital.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति हानि / Realisation loss. Realisation loss reduces capital, so it is recorded on debit side. The other items increase capital.
Step 3
Exam Tip
प्राप्ति हानि पूंजी घटाती है इसलिए नाम पक्ष में लिखी जाती है। बाकी मदें पूंजी को बढ़ाती हैं।
Realisation profit increases partners' capital, so it goes to credit side. Other items may reduce capital.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति लाभ / Realisation profit. Realisation profit increases partners' capital, so it goes to credit side. Other items may reduce capital.
Step 3
Exam Tip
प्राप्ति लाभ साझेदारों की पूंजी बढ़ाता है इसलिए जमा पक्ष में जाता है। बाकी मदें पूंजी घटा सकती हैं।
A. सभी पूंजी खाते निपटान के बाद बंद होने चाहिए/All capital accounts should close after settlement
Step 1
Concept
After final settlement, no payable or receivable balance should remain. Therefore capital accounts should close.
Step 2
Why this answer is correct
The correct answer is A. सभी पूंजी खाते निपटान के बाद बंद होने चाहिए / All capital accounts should close after settlement. After final settlement, no payable or receivable balance should remain. Therefore capital accounts should close.
Step 3
Exam Tip
अंतिम निपटान के बाद कोई देय या प्राप्य शेष नहीं रहना चाहिए। इसलिए पूंजी खाते बंद होने चाहिए।
