Interest on partner loan is treated as expense before profit. Keep it separate from interest on capital.
Step 2
Why this answer is correct
The correct answer is B. लाभ पर प्रभार / Charge against profit. Interest on partner loan is treated as expense before profit. Keep it separate from interest on capital.
Step 3
Exam Tip
साझेदार ऋण पर ब्याज लाभ निकालने से पहले खर्च माना जाता है। इसे पूंजी पर ब्याज से अलग रखें।
B. दो हजार रुपये अधिक/Higher by two thousand rupees
Step 1
Concept
Loan interest is an expense and should have been deducted. Omission made profit higher by two thousand rupees.
Step 2
Why this answer is correct
The correct answer is B. दो हजार रुपये अधिक / Higher by two thousand rupees. Loan interest is an expense and should have been deducted. Omission made profit higher by two thousand rupees.
Step 3
Exam Tip
ऋण ब्याज खर्च है और घटना चाहिए था। छूटने से लाभ दो हजार रुपये अधिक दिखा।
B. ब खाता डेबिट और अ खाता क्रेडिट/Debit B account and credit A account
Step 1
Concept
Wrong credit must be removed from B and correct credit must be given to A. Therefore B is debited and A is credited.
Step 2
Why this answer is correct
The correct answer is B. ब खाता डेबिट और अ खाता क्रेडिट / Debit B account and credit A account. Wrong credit must be removed from B and correct credit must be given to A. Therefore B is debited and A is credited.
Step 3
Exam Tip
गलत क्रेडिट ब से हटाना है और सही क्रेडिट अ को देना है। इसलिए ब डेबिट और अ क्रेडिट होगा।
B. ब खाता क्रेडिट और अ खाता डेबिट/Credit B account and debit A account
Step 1
Concept
B is credited to remove the wrong debit. Correct debit is made to A account.
Step 2
Why this answer is correct
The correct answer is B. ब खाता क्रेडिट और अ खाता डेबिट / Credit B account and debit A account. B is credited to remove the wrong debit. Correct debit is made to A account.
Step 3
Exam Tip
गलत डेबिट ब से हटाने के लिए ब क्रेडिट होगा। सही डेबिट अ के खाते में किया जाएगा।
A. सही नए अनुपात से तुलना करके/By comparing with correct new ratio
Step 1
Concept
Shares under old and correct new ratio should be compared. The difference is the basis of adjustment.
Step 2
Why this answer is correct
The correct answer is A. सही नए अनुपात से तुलना करके / By comparing with correct new ratio. Shares under old and correct new ratio should be compared. The difference is the basis of adjustment.
Step 3
Exam Tip
पुराने और सही नए अनुपात के हिस्सों की तुलना करनी चाहिए। अंतर ही समायोजन का आधार है।
A. दो हजार पांच सौ रुपये/Two thousand five hundred rupees
Step 1
Concept
A received twelve thousand five hundred equally while correct share is ten thousand. So A received excess two thousand five hundred.
Step 2
Why this answer is correct
The correct answer is A. दो हजार पांच सौ रुपये / Two thousand five hundred rupees. A received twelve thousand five hundred equally while correct share is ten thousand. So A received excess two thousand five hundred.
Step 3
Exam Tip
समान हिस्से में अ को बारह हजार पांच सौ मिले जबकि सही हिस्सा दस हजार है। इसलिए अ को दो हजार पांच सौ अधिक मिले।
B. क्योंकि उससे अतिरिक्त राशि वसूलनी है/Because excess amount is recoverable from him
Step 1
Concept
Excess profit received is amount recoverable from partner. Therefore his account is debited.
Step 2
Why this answer is correct
The correct answer is B. क्योंकि उससे अतिरिक्त राशि वसूलनी है / Because excess amount is recoverable from him. Excess profit received is amount recoverable from partner. Therefore his account is debited.
Step 3
Exam Tip
अधिक लाभ मिलना साझेदार से वसूली योग्य राशि है। इसलिए उसका खाता डेबिट होता है।
A. क्योंकि उसे अतिरिक्त राशि देनी है/Because extra amount is payable to him
Step 1
Concept
When less profit is received the partners claim is increased. Therefore his account is credited.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि उसे अतिरिक्त राशि देनी है / Because extra amount is payable to him. When less profit is received the partners claim is increased. Therefore his account is credited.
Step 3
Exam Tip
कम लाभ मिलने पर साझेदार का दावा बढ़ाया जाता है। इसलिए उसका खाता क्रेडिट होता है।
A. जिसे गलत ब्याज मिला उसे डेबिट करें/Debit those who wrongly received interest
Step 1
Concept
Amount is reduced from partners who wrongly received benefit. Correct beneficiary is credited.
Step 2
Why this answer is correct
The correct answer is A. जिसे गलत ब्याज मिला उसे डेबिट करें / Debit those who wrongly received interest. Amount is reduced from partners who wrongly received benefit. Correct beneficiary is credited.
Step 3
Exam Tip
गलत लाभ पाने वाले साझेदारों से राशि घटाई जाती है। सही लाभ पाने वाले को क्रेडिट किया जाता है।
A received one thousand rupees less. Therefore his account will be credited by one thousand more.
Step 2
Why this answer is correct
The correct answer is A. एक हजार रुपये / One thousand rupees. A received one thousand rupees less. Therefore his account will be credited by one thousand more.
Step 3
Exam Tip
अ को एक हजार रुपये कम मिला है। इसलिए उसके खाते में एक हजार रुपये और क्रेडिट होगा।
Correct interest is four thousand and charged interest is one thousand. Difference of three thousand is further debited.
Step 2
Why this answer is correct
The correct answer is A. तीन हजार रुपये / Three thousand rupees. Correct interest is four thousand and charged interest is one thousand. Difference of three thousand is further debited.
Step 3
Exam Tip
सही ब्याज चार हजार और लगाया गया एक हजार है। अंतर तीन हजार रुपये और डेबिट होगा।
Overallowed interest on capital shows higher claim of partner. To remove excess amount his account is debited.
Step 2
Why this answer is correct
The correct answer is A. डेबिट करके / By debiting. Overallowed interest on capital shows higher claim of partner. To remove excess amount his account is debited.
Step 3
Exam Tip
पूंजी पर ब्याज अधिक देने से साझेदार का दावा अधिक दिखता है। अतिरिक्त राशि हटाने के लिए उसका खाता डेबिट होगा।
B. पांच हजार रुपये डेबिट/Debit five thousand rupees
Step 1
Concept
A was credited with excess salary. To remove extra credit A account is debited.
Step 2
Why this answer is correct
The correct answer is B. पांच हजार रुपये डेबिट / Debit five thousand rupees. A was credited with excess salary. To remove extra credit A account is debited.
Step 3
Exam Tip
अ को अधिक वेतन क्रेडिट हुआ है। अतिरिक्त क्रेडिट हटाने के लिए अ का खाता डेबिट होगा।
A. पांच हजार रुपये क्रेडिट/Credit five thousand rupees
Step 1
Concept
Salary was recorded less so A must be given additional credit. This shows his correct claim.
Step 2
Why this answer is correct
The correct answer is A. पांच हजार रुपये क्रेडिट / Credit five thousand rupees. Salary was recorded less so A must be given additional credit. This shows his correct claim.
Step 3
Exam Tip
वेतन कम लिखा गया है इसलिए अ को अतिरिक्त क्रेडिट देना होगा। इससे उसका सही दावा दिखेगा।
A. संबंधित साझेदार को डेबिट करें/Debit concerned partner
Step 1
Concept
Personal expense is not firm expense but drawings. Therefore debit the concerned partner account.
Step 2
Why this answer is correct
The correct answer is A. संबंधित साझेदार को डेबिट करें / Debit concerned partner. Personal expense is not firm expense but drawings. Therefore debit the concerned partner account.
Step 3
Exam Tip
निजी खर्च फर्म का खर्च नहीं बल्कि आहरण है। इसलिए संबंधित साझेदार का खाता डेबिट करें।
A. साझेदार का दावा गलत बढ़ गया/Partners claim wrongly increased
Step 1
Concept
Firm income is not partners personal income. To remove wrong credit partner account will be debited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार का दावा गलत बढ़ गया / Partners claim wrongly increased. Firm income is not partners personal income. To remove wrong credit partner account will be debited.
Step 3
Exam Tip
फर्म की आय साझेदार की निजी आय नहीं है। गलत क्रेडिट हटाने के लिए साझेदार का खाता डेबिट किया जाएगा।
A. साझेदार खाता क्रेडिट करें/Credit partner account
Step 1
Concept
Firm expense is not recoverable from partner. Credit partner account to remove wrong debit.
Step 2
Why this answer is correct
The correct answer is A. साझेदार खाता क्रेडिट करें / Credit partner account. Firm expense is not recoverable from partner. Credit partner account to remove wrong debit.
Step 3
Exam Tip
फर्म का खर्च साझेदार से वसूली योग्य नहीं है। गलत डेबिट हटाने के लिए साझेदार का खाता क्रेडिट करें।
A paid two thousand for the firm. Therefore A account will be credited by two thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. दो हजार रुपये / Two thousand rupees. A paid two thousand for the firm. Therefore A account will be credited by two thousand rupees.
Step 3
Exam Tip
अ ने फर्म के लिए दो हजार चुकाए हैं। इसलिए अ के खाते को दो हजार रुपये क्रेडिट किया जाएगा।
A. साझेदार खाता डेबिट होगा/Partner account will be debited
Step 1
Concept
Using firm cash for personal use is drawings. Therefore concerned partner account is debited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार खाता डेबिट होगा / Partner account will be debited. Using firm cash for personal use is drawings. Therefore concerned partner account is debited.
Step 3
Exam Tip
निजी उपयोग के लिए नकद लेना आहरण है। इसलिए संबंधित साझेदार का खाता डेबिट होगा।
B. राशि फर्म में लाई गई या फर्म से निकाली गई/Whether amount is brought into firm or withdrawn from firm
Step 1
Concept
Bringing amount increases capital and withdrawing reduces claim. Decide the account by the direction of money.
Step 2
Why this answer is correct
The correct answer is B. राशि फर्म में लाई गई या फर्म से निकाली गई / Whether amount is brought into firm or withdrawn from firm. Bringing amount increases capital and withdrawing reduces claim. Decide the account by the direction of money.
Step 3
Exam Tip
राशि लाने से पूंजी बढ़ती है और निकालने से दावा घटता है। दिशा देखकर सही खाता तय करें।
It should have been credited but was debited. Difference from correct position is double the amount.
Step 2
Why this answer is correct
The correct answer is B. राशि का दोगुना / Double the amount. It should have been credited but was debited. Difference from correct position is double the amount.
Step 3
Exam Tip
क्रेडिट होना चाहिए था पर डेबिट हुआ। सही स्थिति से अंतर राशि का दोगुना होता है।
B. चार हजार रुपये क्रेडिट/Credit four thousand rupees
Step 1
Concept
To remove wrong debit and give correct credit total credit of four thousand is needed. This is double effect.
Step 2
Why this answer is correct
The correct answer is B. चार हजार रुपये क्रेडिट / Credit four thousand rupees. To remove wrong debit and give correct credit total credit of four thousand is needed. This is double effect.
Step 3
Exam Tip
गलत डेबिट हटाने और सही क्रेडिट देने के लिए कुल चार हजार क्रेडिट चाहिए। यह राशि के दोगुने का प्रभाव है।
A. चार हजार रुपये डेबिट/Debit four thousand rupees
Step 1
Concept
Wrong credit must be removed and correct debit must be made. Therefore total debit is four thousand.
Step 2
Why this answer is correct
The correct answer is A. चार हजार रुपये डेबिट / Debit four thousand rupees. Wrong credit must be removed and correct debit must be made. Therefore total debit is four thousand.
Step 3
Exam Tip
गलत क्रेडिट हटाना और सही डेबिट करना दोनों जरूरी हैं। इसलिए कुल चार हजार डेबिट होगा।
A. एक ही समायोजन प्रविष्टि बन जाती है/One adjustment entry can be made
Step 1
Concept
Net effect avoids unnecessary long entries. In exams net adjustment is a quick method.
Step 2
Why this answer is correct
The correct answer is A. एक ही समायोजन प्रविष्टि बन जाती है / One adjustment entry can be made. Net effect avoids unnecessary long entries. In exams net adjustment is a quick method.
Step 3
Exam Tip
शुद्ध प्रभाव से अनावश्यक लंबी प्रविष्टियां बचती हैं। परीक्षा में नेट समायोजन तेज तरीका है।
Net debit means amount is to be reduced or recovered from B. Therefore B is debited in final entry.
Step 2
Why this answer is correct
The correct answer is A. डेबिट पक्ष में / On debit side. Net debit means amount is to be reduced or recovered from B. Therefore B is debited in final entry.
Step 3
Exam Tip
शुद्ध डेबिट का अर्थ है ब से राशि घटनी या वसूलनी है। इसलिए ब अंतिम प्रविष्टि में डेबिट होगा।
Omitted income increases profit and will be shared equally among three. Each gets three thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. तीन हजार रुपये / Three thousand rupees. Omitted income increases profit and will be shared equally among three. Each gets three thousand rupees.
Step 3
Exam Tip
छूटी आय लाभ बढ़ाती है और समान रूप से तीन भागों में बंटेगी। प्रत्येक को तीन हजार रुपये मिलेंगे।
Omitted expense reduces profit. Among three equal partners each is debited by four thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. चार हजार रुपये / Four thousand rupees. Omitted expense reduces profit. Among three equal partners each is debited by four thousand rupees.
Step 3
Exam Tip
छूटा खर्च लाभ घटाता है। तीन समान साझेदारों में प्रत्येक पर चार हजार रुपये डेबिट होगा।
Removing one extra expense increases profit by six thousand rupees. Then credit it to partners in ratio.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये / Six thousand rupees. Removing one extra expense increases profit by six thousand rupees. Then credit it to partners in ratio.
Step 3
Exam Tip
एक अतिरिक्त खर्च हटाने से लाभ छह हजार रुपये बढ़ेगा। फिर इसे साझेदारों में अनुपात से क्रेडिट करें।
Removing one extra income decreases profit by eight thousand rupees. Therefore partners are debited in ratio.
Step 2
Why this answer is correct
The correct answer is A. आठ हजार रुपये / Eight thousand rupees. Removing one extra income decreases profit by eight thousand rupees. Therefore partners are debited in ratio.
Step 3
Exam Tip
एक अतिरिक्त आय हटाने से लाभ आठ हजार रुपये घटेगा। इसलिए साझेदारों को अनुपात में डेबिट होगा।
When profit increases partners claim increases. Therefore they are credited in profit ratio.
Step 2
Why this answer is correct
The correct answer is A. लाभ अनुपात में क्रेडिट / Credit in profit ratio. When profit increases partners claim increases. Therefore they are credited in profit ratio.
Step 3
Exam Tip
लाभ बढ़ने से साझेदारों का दावा बढ़ता है। इसलिए उन्हें लाभ अनुपात में क्रेडिट किया जाता है।
When profit decreases earlier profit given was excess. Therefore partners are debited in profit ratio.
Step 2
Why this answer is correct
The correct answer is A. लाभ अनुपात में डेबिट / Debit in profit ratio. When profit decreases earlier profit given was excess. Therefore partners are debited in profit ratio.
Step 3
Exam Tip
लाभ घटने से पहले दिया लाभ अधिक था। इसलिए साझेदारों को लाभ अनुपात में डेबिट किया जाता है।
Total parts are four and one part is three thousand. B one part is three thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. तीन हजार रुपये / Three thousand rupees. Total parts are four and one part is three thousand. B one part is three thousand rupees.
Step 3
Exam Tip
कुल चार भाग हैं और एक भाग तीन हजार है। ब का एक भाग तीन हजार रुपये होगा।
Total parts are five and A has four parts. Four fifths of fifteen thousand is twelve thousand.
Step 2
Why this answer is correct
The correct answer is A. बारह हजार रुपये / Twelve thousand rupees. Total parts are five and A has four parts. Four fifths of fifteen thousand is twelve thousand.
Step 3
Exam Tip
कुल पांच भाग हैं और अ के चार भाग हैं। पंद्रह हजार का चार पांचवां हिस्सा बारह हजार है।
A. पुराने लाभ के लिए पुराना और आगे के लिए नया/Old for past profit and new for future
Step 1
Concept
Ratio is applied according to time and event. Past profit error is checked with the ratio applicable then.
Step 2
Why this answer is correct
The correct answer is A. पुराने लाभ के लिए पुराना और आगे के लिए नया / Old for past profit and new for future. Ratio is applied according to time and event. Past profit error is checked with the ratio applicable then.
Step 3
Exam Tip
समय और घटना के अनुसार अनुपात लगाया जाता है। पुराने लाभ की गलती पुराने लागू अनुपात से मिलाई जाती है।
A. कुल पूंजी नहीं बदलती/Total capital does not change
Step 1
Concept
When amount is reduced from one partner and given to another total remains same. It is an internal adjustment.
Step 2
Why this answer is correct
The correct answer is A. कुल पूंजी नहीं बदलती / Total capital does not change. When amount is reduced from one partner and given to another total remains same. It is an internal adjustment.
Step 3
Exam Tip
एक साझेदार से घटकर दूसरे को मिलने से कुल राशि समान रहती है। यह आंतरिक समायोजन है।
A. कुल साझेदार दावों में बदलाव हो सकता है/Total partners claims may change
Step 1
Concept
If total profit increases or decreases total partners claims may also change. Therefore it is adjusted in ratio.
Step 2
Why this answer is correct
The correct answer is A. कुल साझेदार दावों में बदलाव हो सकता है / Total partners claims may change. If total profit increases or decreases total partners claims may also change. Therefore it is adjusted in ratio.
Step 3
Exam Tip
कुल लाभ बढ़े या घटे तो साझेदारों के कुल दावे भी बदल सकते हैं। इसलिए इसे अनुपात में समायोजित करते हैं।
A. क्योंकि राशि केवल साझेदारों में स्थानांतरित होती है/Because amount is only transferred among partners
Step 1
Concept
In redistribution one partner is reduced and another is increased. Total effect remains equal.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि राशि केवल साझेदारों में स्थानांतरित होती है / Because amount is only transferred among partners. In redistribution one partner is reduced and another is increased. Total effect remains equal.
Step 3
Exam Tip
पुनर्वितरण में किसी को कम और किसी को अधिक किया जाता है। कुल प्रभाव बराबर रहता है।
A. सही प्रभाव और पहले हुए प्रभाव की राशि/Correct effect and amount already recorded
Step 1
Concept
The table should separately show correct effect and effect already recorded. The difference gives net adjustment.
Step 2
Why this answer is correct
The correct answer is A. सही प्रभाव और पहले हुए प्रभाव की राशि / Correct effect and amount already recorded. The table should separately show correct effect and effect already recorded. The difference gives net adjustment.
Step 3
Exam Tip
तालिका में सही और पहले दर्ज प्रभाव को अलग दिखाना चाहिए। अंतर से शुद्ध समायोजन मिलता है।
When old accounts are closed adjustment entry corrects the difference. It gives direct correction in partners accounts.
Step 2
Why this answer is correct
The correct answer is A. समायोजन प्रविष्टि / Adjustment entry. When old accounts are closed adjustment entry corrects the difference. It gives direct correction in partners accounts.
Step 3
Exam Tip
पुराने खाते बंद होने पर समायोजन प्रविष्टि से अंतर सुधारा जाता है। यह साझेदारों के खातों में सीधा सुधार देती है।
A. कुल डेबिट और कुल क्रेडिट बराबर मिलाना/Match total debit and total credit
Step 1
Concept
Debit and credit in final entry must be equal. This is a simple way to catch errors.
Step 2
Why this answer is correct
The correct answer is A. कुल डेबिट और कुल क्रेडिट बराबर मिलाना / Match total debit and total credit. Debit and credit in final entry must be equal. This is a simple way to catch errors.
Step 3
Exam Tip
अंतिम प्रविष्टि में डेबिट और क्रेडिट बराबर होने चाहिए। यह गलती पकड़ने का सरल तरीका है।
