A. साझेदारों से अंतिम देय या प्राप्य राशि दिखाना/To show final amount payable to or receivable from partners
Step 1
Concept
On dissolution capital accounts show the final settlement with partners. Remember them as the accounts for final payment or recovery.
Step 2
Why this answer is correct
The correct answer is A. साझेदारों से अंतिम देय या प्राप्य राशि दिखाना / To show final amount payable to or receivable from partners. On dissolution capital accounts show the final settlement with partners. Remember them as the accounts for final payment or recovery.
Step 3
Exam Tip
विघटन पर पूंजी खाते अंतिम निपटान की राशि बताते हैं। परीक्षा में इन्हें अंतिम भुगतान से जोड़कर याद रखें।
Realisation profit increases partners' capital so it is credited. In exams treat profit as an increase in capital.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट ओर / Credit side. Realisation profit increases partners' capital so it is credited. In exams treat profit as an increase in capital.
Step 3
Exam Tip
वसूली का लाभ साझेदारों की पूंजी बढ़ाता है इसलिए क्रेडिट किया जाता है। परीक्षा में लाभ को पूंजी वृद्धि मानें।
Realisation loss reduces partners' capital so it is debited. In exams treat loss as a decrease in capital.
Step 2
Why this answer is correct
The correct answer is B. डेबिट ओर / Debit side. Realisation loss reduces partners' capital so it is debited. In exams treat loss as a decrease in capital.
Step 3
Exam Tip
वसूली की हानि साझेदारों की पूंजी घटाती है इसलिए डेबिट की जाती है। परीक्षा में हानि को पूंजी कमी समझें।
A's share is 3/5 of ₹50000 which is ₹30000. In exams divide realisation profit in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is C. रुपये 30000 / ₹30000. A's share is 3/5 of ₹50000 which is ₹30000. In exams divide realisation profit in the profit sharing ratio.
Step 3
Exam Tip
अ का हिस्सा रुपये 50000 का 3 बटा 5 यानी रुपये 30000 है। परीक्षा में वसूली लाभ को लाभ अनुपात में बांटें।
B's share is 3/8 of ₹48000 which is ₹18000. Realisation loss is also shared in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 / ₹18000. B's share is 3/8 of ₹48000 which is ₹18000. Realisation loss is also shared in the profit sharing ratio.
Step 3
Exam Tip
ब का हिस्सा रुपये 48000 का 3 बटा 8 यानी रुपये 18000 है। परीक्षा में वसूली हानि भी लाभ अनुपात में बांटी जाती है।
A. उन्हें साझेदारों के पूंजी खातों में स्थानांतरित किया जाता है/They are transferred to partners' capital accounts
Step 1
Concept
Final settlement is made through capital accounts so current account balances are transferred there. Do not forget this step in fixed capital method.
Step 2
Why this answer is correct
The correct answer is A. उन्हें साझेदारों के पूंजी खातों में स्थानांतरित किया जाता है / They are transferred to partners' capital accounts. Final settlement is made through capital accounts so current account balances are transferred there. Do not forget this step in fixed capital method.
Step 3
Exam Tip
अंतिम निपटान पूंजी खातों से होता है इसलिए चालू खाते के शेष पूंजी खातों में लाए जाते हैं। परीक्षा में स्थिर पूंजी में यह चरण न भूलें।
A. फर्म द्वारा साझेदार को देय राशि/Amount payable by firm to partner
Step 1
Concept
Partner's loan is a liability of the firm. In exams identify it separately from capital account.
Step 2
Why this answer is correct
The correct answer is A. फर्म द्वारा साझेदार को देय राशि / Amount payable by firm to partner. Partner's loan is a liability of the firm. In exams identify it separately from capital account.
Step 3
Exam Tip
साझेदार का ऋण फर्म की देयता होता है। परीक्षा में इसे पूंजी खाते से अलग पहचानें।
Partner's loan is closed through its separate account. Do not treat loan payment as capital payment in exams.
Step 2
Why this answer is correct
The correct answer is A. साझेदार ऋण खाता / Partner's loan account. Partner's loan is closed through its separate account. Do not treat loan payment as capital payment in exams.
Step 3
Exam Tip
साझेदार ऋण का अलग खाता बंद किया जाता है। परीक्षा में ऋण भुगतान को पूंजी भुगतान न मानें।
A debit balance means the amount is recoverable from the partner. In exams treat debit capital balance as receivable from partner.
Step 2
Why this answer is correct
The correct answer is B. ब फर्म को राशि देगा / B will pay the firm. A debit balance means the amount is recoverable from the partner. In exams treat debit capital balance as receivable from partner.
Step 3
Exam Tip
डेबिट शेष बताता है कि साझेदार से राशि वसूल करनी है। परीक्षा में डेबिट पूंजी शेष को साझेदार से प्राप्य मानें।
A. जब एक साझेदार पूंजी हानि भरने में असमर्थ हो/When a partner is unable to meet capital deficiency
Step 1
Concept
This rule relates to adjustment of an insolvent partner's capital deficiency. Keep it separate from normal loss distribution in exams.
Step 2
Why this answer is correct
The correct answer is A. जब एक साझेदार पूंजी हानि भरने में असमर्थ हो / When a partner is unable to meet capital deficiency. This rule relates to adjustment of an insolvent partner's capital deficiency. Keep it separate from normal loss distribution in exams.
Step 3
Exam Tip
यह नियम दिवालिया साझेदार की पूंजी कमी के समायोजन से जुड़ा है। परीक्षा में इसे सामान्य हानि वितरण से अलग रखें।
B. सक्षम साझेदारों की अंतिम पूंजी अनुपात में/Ratio of final capitals of solvent partners
Step 1
Concept
Under Garner vs Murray solvent partners bear the deficiency in the ratio of their final capitals. Focus on the words final capitals in exams.
Step 2
Why this answer is correct
The correct answer is B. सक्षम साझेदारों की अंतिम पूंजी अनुपात में / Ratio of final capitals of solvent partners. Under Garner vs Murray solvent partners bear the deficiency in the ratio of their final capitals. Focus on the words final capitals in exams.
Step 3
Exam Tip
गार्नर बनाम मरे नियम में सक्षम साझेदार पूंजी कमी को अपनी अंतिम पूंजी के अनुपात में वहन करते हैं। परीक्षा में अंतिम पूंजी शब्द पर ध्यान दें।
An asset taken by a partner is like withdrawal from capital so it is debited. In exams treat it like a payment to the partner.
Step 2
Why this answer is correct
The correct answer is B. डेबिट ओर / Debit side. An asset taken by a partner is like withdrawal from capital so it is debited. In exams treat it like a payment to the partner.
Step 3
Exam Tip
साझेदार द्वारा परिसंपत्ति लेना पूंजी खाते से राशि निकालने जैसा है इसलिए डेबिट किया जाता है। परीक्षा में इसे भुगतान जैसा समझें।
The capital account of the partner taking the asset is debited. Record the full agreed value in exams.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 डेबिट / Debit ₹18000. The capital account of the partner taking the asset is debited. Record the full agreed value in exams.
Step 3
Exam Tip
परिसंपत्ति लेने वाले साझेदार का पूंजी खाता डेबिट होता है। परीक्षा में पूरी सहमत कीमत लिखें।
Taking over a liability benefits the firm so the partner's capital account is credited. Remember the difference between taking assets and taking liabilities.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट / Credit. Taking over a liability benefits the firm so the partner's capital account is credited. Remember the difference between taking assets and taking liabilities.
Step 3
Exam Tip
देयता अपने ऊपर लेने से साझेदार फर्म को लाभ देता है इसलिए पूंजी खाते में क्रेडिट होता है। परीक्षा में परिसंपत्ति लेने और देयता लेने का फर्क याद रखें।
When a partner takes a creditor the partner's capital is credited by the agreed liability amount. Do not treat it as outside payment in exams.
Step 2
Why this answer is correct
The correct answer is A. रुपये 25000 / ₹25000. When a partner takes a creditor the partner's capital is credited by the agreed liability amount. Do not treat it as outside payment in exams.
Step 3
Exam Tip
ऋणदाता लेने पर साझेदार का पूंजी खाता सहमत देयता राशि से क्रेडिट होता है। परीक्षा में इसे बाहर भुगतान नहीं मानें।
A. साझेदार पूंजी खाता क्रेडिट/Partner's capital account credited
Step 1
Concept
When the partner pays firm expenses the firm owes him so his capital is credited. In exams credit the partner who pays.
Step 2
Why this answer is correct
The correct answer is A. साझेदार पूंजी खाता क्रेडिट / Partner's capital account credited. When the partner pays firm expenses the firm owes him so his capital is credited. In exams credit the partner who pays.
Step 3
Exam Tip
फर्म की ओर से खर्च चुकाने पर फर्म साझेदार की देनदार बनती है इसलिए पूंजी खाता क्रेडिट होता है। परीक्षा में भुगतान करने वाले को क्रेडिट करें।
C paid the firm's expense so C's capital account is credited by ₹4000. It is a reimbursable amount in exams.
Step 2
Why this answer is correct
The correct answer is B. रुपये 4000 क्रेडिट / Credit ₹4000. C paid the firm's expense so C's capital account is credited by ₹4000. It is a reimbursable amount in exams.
Step 3
Exam Tip
स ने फर्म का खर्च चुकाया इसलिए उसका पूंजी खाता रुपये 4000 से क्रेडिट होगा। परीक्षा में यह प्रतिपूर्ति योग्य राशि है।
Realisation remuneration is income for the partner so it is credited to capital account. Distinguish expense and remuneration in exams.
Step 2
Why this answer is correct
The correct answer is A. क्रेडिट किया जाता है / It is credited. Realisation remuneration is income for the partner so it is credited to capital account. Distinguish expense and remuneration in exams.
Step 3
Exam Tip
वसूली पारिश्रमिक साझेदार के लिए आय है इसलिए पूंजी खाते में क्रेडिट होता है। परीक्षा में खर्च और पारिश्रमिक अलग पहचानें।
Remuneration is payable to the partner so the capital account is credited. Record the full agreed remuneration in exams.
Step 2
Why this answer is correct
The correct answer is A. रुपये 7000 क्रेडिट / Credit ₹7000. Remuneration is payable to the partner so the capital account is credited. Record the full agreed remuneration in exams.
Step 3
Exam Tip
पारिश्रमिक साझेदार को देय है इसलिए पूंजी खाता क्रेडिट होगा। परीक्षा में सहमत पारिश्रमिक पूरा लिखें।
When expenses are included in remuneration there is no separate reimbursement. Read the agreement wording carefully in exams.
Step 2
Why this answer is correct
The correct answer is B. केवल सहमत पारिश्रमिक / Only agreed remuneration. When expenses are included in remuneration there is no separate reimbursement. Read the agreement wording carefully in exams.
Step 3
Exam Tip
जब खर्च पारिश्रमिक में शामिल हों तो अलग प्रतिपूर्ति नहीं होती। परीक्षा में समझौते की भाषा ध्यान से पढ़ें।
A. फर्म की पुस्तकों में नहीं लिखे जाते/They are not recorded in firm's books
Step 1
Concept
Private assets and liabilities do not belong to the firm. In exams record only firm-related items.
Step 2
Why this answer is correct
The correct answer is A. फर्म की पुस्तकों में नहीं लिखे जाते / They are not recorded in firm's books. Private assets and liabilities do not belong to the firm. In exams record only firm-related items.
Step 3
Exam Tip
निजी संपत्ति और निजी देनदारियां फर्म की नहीं होतीं। परीक्षा में केवल फर्म से संबंधित मदें लिखें।
On dissolution partners' loans are paid after outside liabilities. Capital is paid after that.
Step 2
Why this answer is correct
The correct answer is A. साझेदारों के ऋण / Partners' loans. On dissolution partners' loans are paid after outside liabilities. Capital is paid after that.
Step 3
Exam Tip
विघटन में बाहरी देनदारियों के बाद साझेदारों के ऋण चुकाए जाते हैं। पूंजी का भुगतान इसके बाद होता है।
General reserve is accumulated profit so it is credited to partners' capital accounts. Share it in the profit sharing ratio in exams.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट ओर / Credit side. General reserve is accumulated profit so it is credited to partners' capital accounts. Share it in the profit sharing ratio in exams.
Step 3
Exam Tip
सामान्य आरक्षित संचित लाभ है इसलिए साझेदारों के पूंजी खातों में क्रेडिट होता है। परीक्षा में इसे लाभ अनुपात में बांटें।
B. डेबिट में लाभ अनुपात से/Debit in profit sharing ratio
Step 1
Concept
Accumulated loss reduces capital so it is debited in the profit sharing ratio. Adjust all accumulated losses in exams.
Step 2
Why this answer is correct
The correct answer is B. डेबिट में लाभ अनुपात से / Debit in profit sharing ratio. Accumulated loss reduces capital so it is debited in the profit sharing ratio. Adjust all accumulated losses in exams.
Step 3
Exam Tip
संचित हानि पूंजी घटाती है इसलिए लाभ अनुपात में डेबिट होती है। परीक्षा में सभी संचित हानियों को समायोजित करें।
B. साझेदारों के पूंजी खातों में डेबिट/Debit to partners' capital accounts
Step 1
Concept
Debit balance of profit and loss account is accumulated loss. Debit it to partners in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is B. साझेदारों के पूंजी खातों में डेबिट / Debit to partners' capital accounts. Debit balance of profit and loss account is accumulated loss. Debit it to partners in the profit sharing ratio.
Step 3
Exam Tip
लाभ और हानि खाते का डेबिट शेष संचित हानि है। इसे लाभ अनुपात में साझेदारों को डेबिट करें।
Drawings are amounts withdrawn by a partner so they are debited to capital account. Treat drawings as reduction of capital in exams.
Step 2
Why this answer is correct
The correct answer is B. डेबिट ओर / Debit side. Drawings are amounts withdrawn by a partner so they are debited to capital account. Treat drawings as reduction of capital in exams.
Step 3
Exam Tip
ड्रॉइंग साझेदार द्वारा निकाली गई राशि है इसलिए पूंजी खाते में डेबिट होती है। परीक्षा में ड्रॉइंग को पूंजी कमी मानें।
Drawings reduce capital so ₹8000 is deducted from ₹70000. The remaining balance is credit ₹62000.
Step 2
Why this answer is correct
The correct answer is B. रुपये 62000 क्रेडिट / Credit ₹62000. Drawings reduce capital so ₹8000 is deducted from ₹70000. The remaining balance is credit ₹62000.
Step 3
Exam Tip
ड्रॉइंग पूंजी घटाती है इसलिए रुपये 70000 से रुपये 8000 घटेंगे। शेष रुपये 62000 क्रेडिट रहेगा।
Interest on capital due is income for the partner so it is credited to capital account. Add outstanding adjustments in final settlement.
Step 2
Why this answer is correct
The correct answer is A. क्रेडिट किया जाता है / It is credited. Interest on capital due is income for the partner so it is credited to capital account. Add outstanding adjustments in final settlement.
Step 3
Exam Tip
देय पूंजी ब्याज साझेदार के लिए आय है इसलिए पूंजी खाते में क्रेडिट होता है। परीक्षा में बकाया समायोजन को अंतिम निपटान में जोड़ें।
Interest on drawings is payable by the partner to the firm so it is debited to capital account. Deduct it from capital in exams.
Step 2
Why this answer is correct
The correct answer is B. डेबिट ओर / Debit side. Interest on drawings is payable by the partner to the firm so it is debited to capital account. Deduct it from capital in exams.
Step 3
Exam Tip
ड्रॉइंग पर ब्याज साझेदार द्वारा फर्म को देय होता है इसलिए पूंजी खाते में डेबिट होता है। परीक्षा में इसे पूंजी से घटाएं।
Final credit capital balances are paid through cash or bank. Close capital accounts through cash or bank in exams.
Step 2
Why this answer is correct
The correct answer is A. रोकड़ या बैंक खाता / Cash or bank account. Final credit capital balances are paid through cash or bank. Close capital accounts through cash or bank in exams.
Step 3
Exam Tip
अंतिम क्रेडिट पूंजी शेष का भुगतान रोकड़ या बैंक से किया जाता है। परीक्षा में पूंजी खाते को रोकड़ खाते से बंद करें।
A. अ पूंजी खाता डेबिट और बैंक खाता क्रेडिट/Debit A's capital and credit bank
Step 1
Concept
Credit capital balance is paid to the partner so capital is debited and bank is credited. Remember the direction of payment in exams.
Step 2
Why this answer is correct
The correct answer is A. अ पूंजी खाता डेबिट और बैंक खाता क्रेडिट / Debit A's capital and credit bank. Credit capital balance is paid to the partner so capital is debited and bank is credited. Remember the direction of payment in exams.
Step 3
Exam Tip
क्रेडिट पूंजी शेष साझेदार को चुकाया जाता है इसलिए पूंजी डेबिट और बैंक क्रेडिट होता है। परीक्षा में भुगतान की दिशा याद रखें।
A. बैंक खाता डेबिट और स पूंजी खाता क्रेडिट/Debit bank and credit C's capital
Step 1
Concept
Debit capital balance is received from the partner. Therefore bank is debited and partner's capital is credited.
Step 2
Why this answer is correct
The correct answer is A. बैंक खाता डेबिट और स पूंजी खाता क्रेडिट / Debit bank and credit C's capital. Debit capital balance is received from the partner. Therefore bank is debited and partner's capital is credited.
Step 3
Exam Tip
डेबिट पूंजी शेष साझेदार से प्राप्त किया जाता है। इसलिए बैंक डेबिट और साझेदार पूंजी क्रेडिट होगी।
Taking over liability credits capital and loss debits capital. ₹20000 plus ₹5000 minus ₹7000 equals ₹18000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 / ₹18000. Taking over liability credits capital and loss debits capital. ₹20000 plus ₹5000 minus ₹7000 equals ₹18000.
Step 3
Exam Tip
देयता लेने पर पूंजी क्रेडिट होती है और हानि डेबिट होती है। रुपये 20000 जोड़ रुपये 5000 घट रुपये 7000 बराबर रुपये 18000।
A partner who cannot pay his capital deficiency is called insolvent. In exams this connects with a debit capital balance.
Step 2
Why this answer is correct
The correct answer is B. दिवालिया साझेदार / Insolvent partner. A partner who cannot pay his capital deficiency is called insolvent. In exams this connects with a debit capital balance.
Step 3
Exam Tip
जो साझेदार अपनी देय पूंजी कमी नहीं चुका पाता वह दिवालिया कहलाता है। परीक्षा में यह पूंजी खाते के डेबिट शेष से जुड़ता है।
A. उसका पूंजी खाता क्रेडिट होगा/His capital account is credited
Step 1
Concept
Amount received from an insolvent partner reduces his debit balance so his capital account is credited. Record bank debit and capital credit in exams.
Step 2
Why this answer is correct
The correct answer is A. उसका पूंजी खाता क्रेडिट होगा / His capital account is credited. Amount received from an insolvent partner reduces his debit balance so his capital account is credited. Record bank debit and capital credit in exams.
Step 3
Exam Tip
दिवालिया साझेदार से प्राप्त राशि उसके डेबिट शेष को घटाती है इसलिए पूंजी खाते में क्रेडिट होती है। परीक्षा में प्राप्ति को बैंक डेबिट और पूंजी क्रेडिट करें।
Realisation profit or loss is shared in the profit sharing ratio. Use capital ratio only when a specific rule requires it.
Step 2
Why this answer is correct
The correct answer is A. पुराने लाभ अनुपात में / Old profit sharing ratio. Realisation profit or loss is shared in the profit sharing ratio. Use capital ratio only when a specific rule requires it.
Step 3
Exam Tip
वसूली लाभ या हानि साझेदारों के लाभ अनुपात में बांटी जाती है। परीक्षा में पूंजी अनुपात तभी लगाएं जब नियम विशेष हो।
If no ratio is given partners share profits and losses equally. In exams divide equally when the ratio is absent.
Step 2
Why this answer is correct
The correct answer is B. समान रूप से / Equally. If no ratio is given partners share profits and losses equally. In exams divide equally when the ratio is absent.
Step 3
Exam Tip
अनुपात न होने पर साझेदार लाभ और हानि समान रूप से बांटते हैं। परीक्षा में अनुपात अनुपस्थित हो तो बराबर बांटें।
अ ब स की पूंजी क्रमशः रुपये 50000 रुपये 40000 और रुपये 30000 है। वसूली हानि रुपये 24000 है और अनुपात 2 अनुपात 1 अनुपात 1 है। अ की अंतिम पूंजी क्या होगी?
A. जब साझेदार को फर्म से राशि मिलनी है/When the partner is to receive amount from the firm
Step 1
Concept
A credit balance shows the partner's claim. In exams credit capital is paid to the partner.
Step 2
Why this answer is correct
The correct answer is A. जब साझेदार को फर्म से राशि मिलनी है / When the partner is to receive amount from the firm. A credit balance shows the partner's claim. In exams credit capital is paid to the partner.
Step 3
Exam Tip
क्रेडिट शेष साझेदार के दावे को दिखाता है। परीक्षा में क्रेडिट पूंजी का भुगतान किया जाता है।
A. सभी साझेदारों से अंतिम निपटान पूरा हो गया/Final settlement with all partners is complete
Step 1
Concept
Closing capital accounts means amounts payable to or recoverable from partners have been settled. Treat final closing as completion of dissolution in exams.
Step 2
Why this answer is correct
The correct answer is A. सभी साझेदारों से अंतिम निपटान पूरा हो गया / Final settlement with all partners is complete. Closing capital accounts means amounts payable to or recoverable from partners have been settled. Treat final closing as completion of dissolution in exams.
Step 3
Exam Tip
पूंजी खाते बंद होने का मतलब साझेदारों की देय या प्राप्य राशि निपट गई। परीक्षा में अंतिम बंदी को विघटन की समाप्ति मानें।
A. उसका पूंजी खाता बंद हो जाएगा/His capital account will be closed
Step 1
Concept
A debit balance is recovered from the partner and after payment the capital account is closed. In exams treat debit capital as an amount receivable by the firm.
Step 2
Why this answer is correct
The correct answer is A. उसका पूंजी खाता बंद हो जाएगा / His capital account will be closed. A debit balance is recovered from the partner and after payment the capital account is closed. In exams treat debit capital as an amount receivable by the firm.
Step 3
Exam Tip
डेबिट शेष साझेदार से वसूल किया जाता है और भुगतान मिलने पर पूंजी खाता बंद हो जाता है। परीक्षा में डेबिट पूंजी को फर्म की प्राप्य राशि मानें।
