A. संपत्तियों और देनदारियों के निपटान के बाद/After settlement of assets and liabilities
Step 1
Concept
First assets and liabilities are settled through realisation account. Then capital accounts show final payable or receivable amounts.
Step 2
Why this answer is correct
The correct answer is A. संपत्तियों और देनदारियों के निपटान के बाद / After settlement of assets and liabilities. First assets and liabilities are settled through realisation account. Then capital accounts show final payable or receivable amounts.
Step 3
Exam Tip
पहले प्राप्ति खाते से संपत्तियों और देनदारियों का निपटान होता है। उसके बाद पूंजी खातों से अंतिम देय या प्राप्य राशि निकाली जाती है।
Realisation profit increases partner's capital. Therefore it is recorded on the credit side of capital account.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति लाभ / Realisation profit. Realisation profit increases partner's capital. Therefore it is recorded on the credit side of capital account.
Step 3
Exam Tip
प्राप्ति लाभ साझेदार की पूंजी बढ़ाता है। इसलिए इसे पूंजी खाते के जमा पक्ष में लिखा जाता है।
Drawings are amounts withdrawn by a partner, so capital reduces. Record it on the debit side of capital account.
Step 2
Why this answer is correct
The correct answer is A. आहरण / Drawings. Drawings are amounts withdrawn by a partner, so capital reduces. Record it on the 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
Taking an asset gives value to the partner. Therefore his capital account is debited by the agreed value.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता नामित होगा / Capital account will be debited. Taking an asset gives value to the partner. Therefore his capital account is debited by the agreed value.
Step 3
Exam Tip
संपत्ति लेने से साझेदार को मूल्य मिलता है। इसलिए उसका पूंजी खाता सहमत मूल्य से नामित होता है।
A. पूंजी खाता जमा होगा/Capital account will be credited
Step 1
Concept
By taking a liability, the partner reduces the firm's burden. Therefore his capital account is credited.
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. Therefore his capital account is credited.
Step 3
Exam Tip
देनदारी लेने से साझेदार फर्म का भार घटाता है। इसलिए उसका पूंजी खाता जमा किया जाता है।
A. प्राप्ति लाभ या हानि/Realisation profit or loss
Step 1
Concept
Realisation profit or loss is shared among partners in the profit sharing ratio. Read the given ratio carefully.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति लाभ या हानि / Realisation profit or loss. Realisation profit or loss is shared among partners in the profit sharing ratio. Read the given ratio carefully.
Step 3
Exam Tip
प्राप्ति लाभ या हानि साझेदारों में लाभ-विभाजन अनुपात से बांटी जाती है। प्रश्न में दिए अनुपात को ध्यान से पढ़ें।
A. लाभ बराबर बांटे जाएंगे/Profits will be shared equally
Step 1
Concept
When no ratio is given, partners are treated as equal. This is the common rule in easy exam questions.
Step 2
Why this answer is correct
The correct answer is A. लाभ बराबर बांटे जाएंगे / Profits will be shared equally. When no ratio is given, partners are treated as equal. This is the common rule in easy exam questions.
Step 3
Exam Tip
अनुपात न दिया हो तो साझेदारों को बराबर माना जाता है। यह आसान परीक्षा प्रश्नों में सामान्य नियम है।
A. क्योंकि यह संचित लाभ है/Because it is accumulated profit
Step 1
Concept
General reserve is accumulated profit of the firm. Credit it to capital accounts in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह संचित लाभ है / Because it is accumulated profit. General reserve is accumulated profit of the firm. Credit it to capital accounts in profit sharing ratio.
Step 3
Exam Tip
सामान्य आरक्षित निधि फर्म का संचित लाभ होती है। इसे लाभ-विभाजन अनुपात में पूंजी खातों में जमा करें।
Debit balance of profit and loss account is accumulated loss. Debit it to partners' capital accounts in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. संचित हानि की तरह / As accumulated loss. Debit balance of profit and loss account is accumulated loss. Debit it to partners' capital accounts in profit sharing ratio.
Step 3
Exam Tip
लाभ-हानि खाते का नाम शेष संचित हानि है। इसे साझेदारों के पूंजी खातों में लाभ-विभाजन अनुपात से नामित करें।
Credit balance of profit and loss account is accumulated profit. Record it on credit side of capital accounts.
Step 2
Why this answer is correct
The correct answer is A. संचित लाभ की तरह / As accumulated profit. Credit balance of profit and loss account is accumulated profit. Record it on credit side of capital accounts.
Step 3
Exam Tip
लाभ-हानि खाते का जमा शेष संचित लाभ है। इसे पूंजी खातों के जमा पक्ष में लिखें।
The first partner's share is three-fourth. Three-fourth of twenty four thousand is eighteen thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. अठारह हजार रुपये / ₹18,000. The first partner's share is three-fourth. Three-fourth of twenty four thousand is eighteen thousand rupees.
Step 3
Exam Tip
पहले साझेदार का हिस्सा तीन चौथाई है। चौबीस हजार का तीन चौथाई अठारह हजार रुपये होता है।
The third partner's share is three-sixth. Therefore half of eighteen thousand is nine thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. नौ हजार रुपये / ₹9,000. The third partner's share is three-sixth. Therefore half of eighteen thousand is nine thousand rupees.
Step 3
Exam Tip
तीसरे साझेदार का हिस्सा तीन छठा है। इसलिए अठारह हजार का आधा नौ हजार रुपये होगा।
Taking furniture gives the partner an asset. Therefore seven thousand rupees will be debited to his capital account.
Step 2
Why this answer is correct
The correct answer is A. सात हजार रुपये नाम / Debit ₹7,000. Taking furniture gives the partner an asset. Therefore seven thousand rupees will be debited to his capital account.
Step 3
Exam Tip
फर्नीचर लेने से साझेदार को संपत्ति मिलती है। इसलिए उसके पूंजी खाते में सात हजार रुपये नाम लिखे जाएंगे।
Taking over creditors reduces the firm's liability. Therefore the partner's capital account will be credited.
Step 2
Why this answer is correct
The correct answer is A. तेरह हजार रुपये जमा / Credit ₹13,000. Taking over creditors reduces the firm's liability. Therefore the partner's capital account will be credited.
Step 3
Exam Tip
लेनदारों को अपने ऊपर लेना फर्म की देनदारी घटाता है। इसलिए साझेदार का पूंजी खाता जमा होगा।
Taking asset debits five thousand and paying cash credits one thousand. Net effect is debit four thousand.
Step 2
Why this answer is correct
The correct answer is A. चार हजार रुपये नाम / Debit ₹4,000. Taking asset debits five thousand and paying cash credits one thousand. Net effect is debit four thousand.
Step 3
Exam Tip
संपत्ति लेने से पांच हजार नाम और नकद देने से एक हजार जमा होगा। शुद्ध प्रभाव चार हजार नाम है।
Taking liability credits sixteen thousand and taking goods debits six thousand. Net effect is credit ten thousand.
Step 2
Why this answer is correct
The correct answer is A. दस हजार रुपये जमा / Credit ₹10,000. Taking liability credits sixteen thousand and taking goods debits six thousand. Net effect is credit ten thousand.
Step 3
Exam Tip
देनदारी लेने से सोलह हजार जमा और माल लेने से छह हजार नाम होगा। शुद्ध प्रभाव दस हजार जमा है।
The partner paid expenses for the firm. Therefore the firm owes him and his capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. तीन हजार रुपये जमा / Credit ₹3,000. The partner paid expenses for the firm. Therefore the firm owes him and his capital account is credited.
Step 3
Exam Tip
साझेदार ने फर्म के लिए खर्च चुकाया है। इसलिए फर्म उस पर देनदार है और उसका पूंजी खाता जमा होगा।
Remuneration is income of the partner. Therefore eight thousand rupees will be credited to his capital account.
Step 2
Why this answer is correct
The correct answer is A. आठ हजार रुपये जमा / Credit ₹8,000. Remuneration is income of the partner. Therefore eight thousand rupees will be credited to his capital account.
Step 3
Exam Tip
पारिश्रमिक साझेदार की आय है। इसलिए उसके पूंजी खाते में आठ हजार रुपये जमा किए जाएंगे।
Taking asset debits four thousand to capital account. Therefore credit balance reduces to twenty two thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. बाइस हजार रुपये जमा / Credit ₹22,000. Taking asset debits four thousand to capital account. Therefore credit balance reduces to twenty two thousand rupees.
Step 3
Exam Tip
संपत्ति लेने से पूंजी खाते में चार हजार नाम होगा। इसलिए जमा शेष घटकर बाइस हजार रुपये रहेगा।
Out of nine thousand, five thousand is recovered. Therefore debit balance of four thousand rupees remains.
Step 2
Why this answer is correct
The correct answer is A. चार हजार रुपये नाम / Debit ₹4,000. Out of nine thousand, five thousand is recovered. Therefore debit balance of four thousand rupees remains.
Step 3
Exam Tip
नौ हजार में से पांच हजार वसूल हो गए। इसलिए चार हजार रुपये नाम शेष रहेगा।
When cash is received from partner, his due amount reduces. Therefore a credit entry is made in capital account.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. When cash is received from partner, his due amount reduces. Therefore a credit entry is made in capital account.
Step 3
Exam Tip
साझेदार से नकद मिलने पर उसकी देय राशि कम होती है। इसलिए पूंजी खाते में जमा प्रविष्टि होती है।
Under fixed capital method, current account balance is transferred to capital account. This allows final settlement through one account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते में / In capital account. Under fixed capital method, current account balance is transferred to capital account. This allows final settlement through one account.
Step 3
Exam Tip
स्थिर पूंजी पद्धति में चालू खाते का शेष पूंजी खाते में स्थानांतरित किया जाता है। इससे एक ही खाते से अंतिम निपटान हो जाता है।
Credit balance of current account is partner's receivable. Crediting it to capital account increases capital.
Step 2
Why this answer is correct
The correct answer is A. पूंजी बढ़ती है / Capital increases. Credit balance of current account is partner's receivable. Crediting it to capital account increases capital.
Step 3
Exam Tip
चालू खाते का जमा शेष साझेदार की प्राप्ति है। इसे पूंजी खाते में जमा करने से पूंजी बढ़ती है।
Debit balance of current account is recoverable from partner. Debiting it to capital account reduces capital.
Step 2
Why this answer is correct
The correct answer is A. पूंजी घटती है / Capital decreases. Debit balance of current account is recoverable from partner. Debiting it to capital account reduces capital.
Step 3
Exam Tip
चालू खाते का नाम शेष साझेदार से वसूल योग्य है। इसे पूंजी खाते में नामित करने से पूंजी घटती है।
A. क्योंकि यह अलग देनदारी है/Because it is a separate liability
Step 1
Concept
Partner's loan is treated as a liability separate from capital. Keep loan and capital separate in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह अलग देनदारी है / Because it is a separate liability. Partner's loan is treated as a liability separate from capital. Keep loan and capital separate in exams.
Step 3
Exam Tip
साझेदार का ऋण पूंजी से अलग देनदारी माना जाता है। परीक्षा में ऋण और पूंजी को अलग रखें।
A. साझेदार से वसूल होगा/It will be recovered from partner
Step 1
Concept
The firm has to receive the loan from the partner. Therefore it is treated as recoverable from partner.
Step 2
Why this answer is correct
The correct answer is A. साझेदार से वसूल होगा / It will be recovered from partner. The firm has to receive the loan from the partner. Therefore it is treated as recoverable from partner.
Step 3
Exam Tip
फर्म को साझेदार से ऋण मिलना है। इसलिए इसे साझेदार से वसूल योग्य राशि माना जाता है।
Payment will reduce by four thousand due to loan recovery. Therefore net payment is twenty four thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. चौबीस हजार रुपये / ₹24,000. Payment will reduce by four thousand due to loan recovery. Therefore net payment is twenty four thousand rupees.
Step 3
Exam Tip
ऋण वसूली के कारण भुगतान चार हजार रुपये घटेगा। इसलिए शुद्ध भुगतान चौबीस हजार रुपये होगा।
Interest on capital is income of partner. Therefore it is recorded on the credit side of capital account.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. Interest on capital is income of partner. Therefore it is recorded on the credit side of capital account.
Step 3
Exam Tip
पूंजी पर ब्याज साझेदार की आय है। इसलिए यह पूंजी खाते के जमा पक्ष में लिखा जाता है।
Salary payable is receivable by the partner. Therefore two thousand rupees will be credited to his capital account.
Step 2
Why this answer is correct
The correct answer is A. दो हजार रुपये जमा / Credit ₹2,000. Salary payable is receivable by the partner. Therefore two thousand rupees will be credited to his capital account.
Step 3
Exam Tip
देय वेतन साझेदार की प्राप्ति है। इसलिए उसके पूंजी खाते में दो हजार रुपये जमा होंगे।
Interest on drawings is to be received from partner. Therefore his capital account is debited by one thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. एक हजार रुपये नाम / Debit ₹1,000. Interest on drawings is to be received from partner. Therefore his capital account is debited by one thousand rupees.
Step 3
Exam Tip
आहरण पर ब्याज साझेदार से लेना है। इसलिए उसका पूंजी खाता एक हजार रुपये से नामित होगा।
Unrecorded asset is also recorded at agreed value. When taken by partner, capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. सहमत मूल्य पर / At agreed value. Unrecorded asset is also recorded at agreed value. When taken by partner, capital account is debited.
Step 3
Exam Tip
अविलेखित संपत्ति भी सहमत मूल्य पर दर्ज की जाती है। साझेदार द्वारा लेने पर पूंजी खाता नामित होता है।
Unrecorded liability is recorded at accepted amount. The partner taking it is credited in capital account.
Step 2
Why this answer is correct
The correct answer is A. स्वीकार की गई राशि पर / At accepted amount. Unrecorded liability is recorded at accepted amount. The partner taking it is credited in capital account.
Step 3
Exam Tip
अविलेखित देनदारी स्वीकार की गई राशि पर लिखी जाती है। इसे लेने वाले साझेदार का पूंजी खाता जमा होता है।
Deferred advertisement expense is a fictitious asset and is treated like loss. Debit it in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. नाम पक्ष में / On debit side. Deferred advertisement expense is a fictitious asset and is treated like loss. Debit it in profit sharing ratio.
Step 3
Exam Tip
विज्ञापन स्थगित व्यय काल्पनिक संपत्ति है और हानि जैसी मानी जाती है। इसे लाभ-विभाजन अनुपात से नामित करें।
The second partner's share is two-fifth. Therefore his share of fifteen thousand is six thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये / ₹6,000. The second partner's share is two-fifth. Therefore his share of fifteen thousand is six thousand rupees.
Step 3
Exam Tip
दूसरे साझेदार का हिस्सा दो पांचवां है। इसलिए पंद्रह हजार का भार छह हजार रुपये होगा।
Balance left after settling liability is accumulated profit. Credit it to capital accounts in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. संचित लाभ के रूप में / As accumulated profit. Balance left after settling liability is accumulated profit. Credit it to capital accounts in profit sharing ratio.
Step 3
Exam Tip
देनदारी चुकाने के बाद बची राशि संचित लाभ है। इसे लाभ-विभाजन अनुपात में पूंजी खातों में जमा करें।
After deducting liability from reserve, seven thousand rupees remains. This is distributable among partners.
Step 2
Why this answer is correct
The correct answer is A. सात हजार रुपये / ₹7,000. After deducting liability from reserve, seven thousand rupees remains. This is distributable among partners.
Step 3
Exam Tip
आरक्षित निधि से देनदारी घटाने पर सात हजार रुपये बचते हैं। यही साझेदारों में बांटने योग्य शेष है।
A. दिवालिया साझेदार की पूंजी कमी/Capital deficiency of an insolvent partner
Step 1
Concept
This rule relates to unpaid capital deficiency of an insolvent partner. At easy level, identifying the situation is important.
Step 2
Why this answer is correct
The correct answer is A. दिवालिया साझेदार की पूंजी कमी / Capital deficiency of an insolvent partner. This rule relates to unpaid capital deficiency of an insolvent partner. At easy level, identifying the situation is important.
Step 3
Exam Tip
यह नियम दिवालिया साझेदार की न चुकाई गई पूंजी कमी से संबंधित है। आसान स्तर पर स्थिति पहचानना महत्वपूर्ण है।
Solvent partners generally bear deficiency in their capital ratio. Also check any special condition in the question.
Step 2
Why this answer is correct
The correct answer is A. पूंजी अनुपात में / In capital ratio. Solvent partners generally bear deficiency in their capital ratio. Also check any special condition in the question.
Step 3
Exam Tip
विलायक साझेदार सामान्यतः अपनी पूंजी के अनुपात में कमी सहन करते हैं। प्रश्न की विशेष शर्त भी जांचें।
Deficiency is found by deducting amount received from debit balance. Twelve thousand less five thousand gives seven thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. सात हजार रुपये / ₹7,000. Deficiency is found by deducting amount received from debit balance. Twelve thousand less five thousand gives seven thousand rupees.
Step 3
Exam Tip
नाम शेष में से प्राप्त राशि घटाने पर कमी निकलती है। बारह हजार में से पांच हजार घटाकर सात हजार रुपये कमी है।
A. बैंक खाता जमा होगा/Bank account will be credited
Step 1
Concept
Bank balance decreases when payment is made. 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. Bank balance decreases when payment is made. Therefore bank account is credited.
Step 3
Exam Tip
भुगतान करने से बैंक शेष घटता है। इसलिए बैंक खाते में जमा प्रविष्टि होती है।
A. रोकड़ खाता नामित होगा/Cash account will be debited
Step 1
Concept
Cash increases when money is received. 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. Cash increases when money is received. Therefore cash account is debited.
Step 3
Exam Tip
नकद मिलने से रोकड़ बढ़ती है। इसलिए रोकड़ खाते को नामित किया जाता है।
A. साझेदार को सत्रह हजार रुपये देने हैं/Seventeen thousand rupees is payable to partner
Step 1
Concept
Credit balance is the firm's liability to partner. Therefore this amount will be paid to the partner.
Step 2
Why this answer is correct
The correct answer is A. साझेदार को सत्रह हजार रुपये देने हैं / Seventeen thousand rupees is payable to partner. Credit balance is the firm's liability to partner. Therefore this amount will be paid to the partner.
Step 3
Exam Tip
जमा शेष फर्म की साझेदार के प्रति देनदारी है। इसलिए यह राशि साझेदार को दी जाएगी।
A. साझेदार से ग्यारह हजार रुपये लेने हैं/Eleven thousand rupees is receivable from partner
Step 1
Concept
Debit balance is amount recoverable from partner. It is received in final settlement.
Step 2
Why this answer is correct
The correct answer is A. साझेदार से ग्यारह हजार रुपये लेने हैं / Eleven thousand rupees is receivable from partner. Debit balance is amount recoverable from partner. It is received in final settlement.
Step 3
Exam Tip
नाम शेष साझेदार से वसूल योग्य राशि है। इसे अंतिम निपटान में प्राप्त किया जाता है।
A. अंतिम निपटान पूरा हो गया/Final settlement is complete
Step 1
Concept
No balance means payable or receivable amount has been settled. In dissolution, all capital accounts should close at the end.
Step 2
Why this answer is correct
The correct answer is A. अंतिम निपटान पूरा हो गया / Final settlement is complete. No balance means payable or receivable amount has been settled. In dissolution, all capital accounts should close at the end.
Step 3
Exam Tip
कोई शेष न बचना बताता है कि देय या प्राप्य राशि निपट चुकी है। विघटन में सभी पूंजी खाते अंत में बंद होने चाहिए।
A. साझेदार द्वारा फर्म की देनदारी ली गई/Liability taken over by partner
Step 1
Concept
A partner taking liability reduces the firm's burden. Therefore his capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार द्वारा फर्म की देनदारी ली गई / Liability taken over by partner. A partner taking liability reduces the firm's burden. Therefore his capital account is credited.
Step 3
Exam Tip
देनदारी लेने वाला साझेदार फर्म का भार घटाता है। इसलिए उसका पूंजी खाता जमा किया जाता है।
A. साझेदार द्वारा संपत्ति ली गई/Asset taken over by partner
Step 1
Concept
When a partner takes an asset, he receives value from the firm. Therefore his capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार द्वारा संपत्ति ली गई / Asset taken over by partner. When a partner takes an asset, he receives value from the firm. Therefore his capital account is debited.
Step 3
Exam Tip
संपत्ति लेने पर साझेदार फर्म से मूल्य लेता है। इसलिए उसका पूंजी खाता नामित किया जाता है।
A. पूंजी खाता जमा होगा/Capital account will be credited
Step 1
Concept
The partner paid the firm's liability, so the firm owes him. In such a case, credit the partner's capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता जमा होगा / Capital account will be credited. The partner paid the firm's liability, so the firm owes him. In such a case, credit the partner's capital account.
Step 3
Exam Tip
साझेदार ने फर्म की देनदारी चुकाई इसलिए फर्म उस पर देनदार है। ऐसी स्थिति में साझेदार का पूंजी खाता जमा करें।
