A. पुरानी गलती या छूटी हुई मद को सही करना/To correct old error or omitted item
Step 1
Concept
Adjustment corrects omitted or wrongly recorded items. In exams first identify the nature of the error.
Step 2
Why this answer is correct
The correct answer is A. पुरानी गलती या छूटी हुई मद को सही करना / To correct old error or omitted item. Adjustment corrects omitted or wrongly recorded items. In exams first identify the nature of the error.
Step 3
Exam Tip
समायोजन छूटी या गलत दर्ज मदों को सही करता है। परीक्षा में पहले गलती की प्रकृति पहचानें।
Adjustment table shows the net effect on each partner. It makes passing only the difference entry easy.
Step 2
Why this answer is correct
The correct answer is A. समायोजन तालिका / Adjustment table. Adjustment table shows the net effect on each partner. It makes passing only the difference entry easy.
Step 3
Exam Tip
समायोजन तालिका से हर साझेदार का शुद्ध प्रभाव पता चलता है। इससे केवल अंतर की प्रविष्टि करना आसान होता है।
A. जिस साझेदार को वेतन देय है/The partner to whom salary is due
Step 1
Concept
Salary is payable to the concerned partner. Therefore it is credited to his capital or current account.
Step 2
Why this answer is correct
The correct answer is A. जिस साझेदार को वेतन देय है / The partner to whom salary is due. Salary is payable to the concerned partner. Therefore it is credited to his capital or current account.
Step 3
Exam Tip
वेतन संबंधित साझेदार को देय होता है। इसलिए उसके पूंजी या चालू खाते में क्रेडिट किया जाता है।
A. साझेदार का खाता क्रेडिट होगा/Partners account will be credited
Step 1
Concept
Interest on capital is payable to partner. If omitted it is corrected by crediting partners account.
Step 2
Why this answer is correct
The correct answer is A. साझेदार का खाता क्रेडिट होगा / Partners account will be credited. Interest on capital is payable to partner. If omitted it is corrected by crediting partners account.
Step 3
Exam Tip
पूंजी पर ब्याज साझेदार को देय होता है। इसलिए छूटने पर साझेदार के खाते को क्रेडिट करके सुधारते हैं।
Interest on drawings is recoverable from partner. Therefore the concerned partners account is debited.
Step 2
Why this answer is correct
The correct answer is A. डेबिट होगा / It will be debited. Interest on drawings is recoverable from partner. Therefore the concerned partners account is debited.
Step 3
Exam Tip
आहरण पर ब्याज साझेदार से वसूली योग्य होता है। इसलिए संबंधित साझेदार का खाता डेबिट होता है।
A. सही हिस्सा और पहले दिया गया हिस्सा/Correct share and share already given
Step 1
Concept
For correction compare correct share with wrongly distributed share. The difference becomes the basis of adjustment entry.
Step 2
Why this answer is correct
The correct answer is A. सही हिस्सा और पहले दिया गया हिस्सा / Correct share and share already given. For correction compare correct share with wrongly distributed share. The difference becomes the basis of adjustment entry.
Step 3
Exam Tip
सुधार के लिए सही हिस्सा और गलत वितरित हिस्सा मिलाते हैं। अंतर ही समायोजन प्रविष्टि का आधार बनता है।
If a partner received less profit he is to be given extra amount. Therefore his account is credited.
Step 2
Why this answer is correct
The correct answer is A. क्रेडिट होगा / It will be credited. If a partner received less profit he is to be given extra amount. Therefore his account is credited.
Step 3
Exam Tip
कम लाभ मिलने पर साझेदार को अतिरिक्त राशि देनी होती है। इसलिए उसका खाता क्रेडिट होगा।
Excess profit received is like amount recoverable from partner. Therefore his account is debited.
Step 2
Why this answer is correct
The correct answer is A. डेबिट होगा / It will be debited. Excess profit received is like amount recoverable from partner. Therefore his account is debited.
Step 3
Exam Tip
अधिक लाभ मिलना साझेदार से वापस लेने जैसा है। इसलिए उसके खाते को डेबिट किया जाता है।
A. पांच हजार रुपये क्रेडिट/Credit five thousand rupees
Step 1
Concept
Less profit is payable to A. Therefore A account is credited by five thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. पांच हजार रुपये क्रेडिट / Credit five thousand rupees. Less profit is payable to A. Therefore A account is credited by five thousand rupees.
Step 3
Exam Tip
कम मिला लाभ अ को देना है। इसलिए अ का खाता पांच हजार रुपये से क्रेडिट होगा।
A. तीन हजार रुपये डेबिट/Debit three thousand rupees
Step 1
Concept
Excess profit is to be recovered from B. Therefore B account is debited by three thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. तीन हजार रुपये डेबिट / Debit three thousand rupees. Excess profit is to be recovered from B. Therefore B account is debited by three thousand rupees.
Step 3
Exam Tip
अधिक मिला लाभ ब से वापस लेना है। इसलिए ब का खाता तीन हजार रुपये डेबिट होगा।
The claim of the partner from whom amount is recoverable decreases. Therefore his account is debited.
Step 2
Why this answer is correct
The correct answer is A. डेबिट पक्ष / Debit side. The claim of the partner from whom amount is recoverable decreases. Therefore his account is debited.
Step 3
Exam Tip
जिससे राशि वसूलनी है उसका दावा घटता है। इसलिए उसका खाता डेबिट किया जाता है।
A. लाभ अनुपात सुधार समायोजन/Profit ratio correction adjustment
Step 1
Concept
Profit shared in wrong ratio is compared with correct ratio. Difference is adjusted in capital or current accounts.
Step 2
Why this answer is correct
The correct answer is A. लाभ अनुपात सुधार समायोजन / Profit ratio correction adjustment. Profit shared in wrong ratio is compared with correct ratio. Difference is adjusted in capital or current accounts.
Step 3
Exam Tip
गलत अनुपात में बांटा लाभ सही अनुपात से मिलाना होता है। अंतर पूंजी या चालू खातों में समायोजित होता है।
B received five thousand equally but correct share is four thousand. Therefore B received one thousand excess.
Step 2
Why this answer is correct
The correct answer is A. एक हजार रुपये अधिक / One thousand rupees excess. B received five thousand equally but correct share is four thousand. Therefore B received one thousand excess.
Step 3
Exam Tip
समान बांटने पर ब को पांच हजार मिले पर सही हिस्सा चार हजार है। इसलिए ब को एक हजार अधिक मिला।
A. छह हजार रुपये अधिक/Higher by six thousand rupees
Step 1
Concept
Interest on capital should have been deducted. Omitting it makes distributable profit appear higher.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये अधिक / Higher by six thousand rupees. Interest on capital should have been deducted. Omitting it makes distributable profit appear higher.
Step 3
Exam Tip
पूंजी पर ब्याज घटाया जाना था। इसे छोड़ने से बांटने योग्य लाभ अधिक दिखता है।
Interest on drawings is added to profit. Omitting it makes available profit appear lower.
Step 2
Why this answer is correct
The correct answer is A. दो हजार रुपये कम / Lower by two thousand rupees. Interest on drawings is added to profit. Omitting it makes available profit appear lower.
Step 3
Exam Tip
आहरण पर ब्याज लाभ में जोड़ा जाता है। इसे छोड़ने से उपलब्ध लाभ कम दिखता है।
Personal expense is partners drawings. Therefore the concerned partner account is debited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार खाता डेबिट / Debit partner account. Personal expense is partners drawings. Therefore the concerned partner account is debited.
Step 3
Exam Tip
निजी खर्च साझेदार का आहरण है। इसलिए संबंधित साझेदार का खाता डेबिट किया जाता है।
In fixed capital regular items go to current account. Capital account is kept for permanent changes.
Step 2
Why this answer is correct
The correct answer is A. चालू खाता / Current Account. In fixed capital regular items go to current account. Capital account is kept for permanent changes.
Step 3
Exam Tip
स्थिर पूंजी में नियमित मदें चालू खाते में जाती हैं। पूंजी खाता स्थायी बदलाव के लिए रखा जाता है।
In fluctuating method profit salary interest and drawings go to capital account. Therefore capital balance keeps changing.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता / Capital Account. In fluctuating method profit salary interest and drawings go to capital account. Therefore capital balance keeps changing.
Step 3
Exam Tip
परिवर्तनशील पद्धति में लाभ वेतन ब्याज और आहरण पूंजी खाते में आते हैं। इसलिए पूंजी शेष बदलता रहता है।
Under fixed capital drawings are regular item. Therefore they should be debited to current account.
Step 2
Why this answer is correct
The correct answer is A. चालू खाते में / To current account. Under fixed capital drawings are regular item. Therefore they should be debited to current account.
Step 3
Exam Tip
स्थिर पूंजी में आहरण नियमित मद है। इसलिए इसे चालू खाते में डेबिट करना चाहिए।
Under fixed capital interest on capital is a regular appropriation. It should be credited to current account.
Step 2
Why this answer is correct
The correct answer is A. चालू खाते में / In current account. Under fixed capital interest on capital is a regular appropriation. It should be credited to current account.
Step 3
Exam Tip
स्थिर पूंजी में पूंजी पर ब्याज नियमित विनियोग है। इसे चालू खाते में क्रेडिट करना चाहिए।
A. गणना या वर्गीकरण में गलती/Error in calculation or classification
Step 1
Concept
In adjustment total debit and credit must be equal. If there is difference check the calculation again.
Step 2
Why this answer is correct
The correct answer is A. गणना या वर्गीकरण में गलती / Error in calculation or classification. In adjustment total debit and credit must be equal. If there is difference check the calculation again.
Step 3
Exam Tip
समायोजन में कुल डेबिट और क्रेडिट बराबर होना चाहिए। अंतर दिखे तो गणना दोबारा जांचें।
In equal sharing B correct share is five thousand. Therefore B account must be credited by five thousand.
Step 2
Why this answer is correct
The correct answer is A. पांच हजार रुपये / Five thousand rupees. In equal sharing B correct share is five thousand. Therefore B account must be credited by five thousand.
Step 3
Exam Tip
समान वितरण में ब का सही हिस्सा पांच हजार है। इसलिए ब के खाते को पांच हजार क्रेडिट करना होगा।
A. अ से राशि घटेगी और ब को राशि मिलेगी/A amount decreases and B receives amount
Step 1
Concept
Debit reduces A claim and credit increases B claim. This is an internal adjustment.
Step 2
Why this answer is correct
The correct answer is A. अ से राशि घटेगी और ब को राशि मिलेगी / A amount decreases and B receives amount. Debit reduces A claim and credit increases B claim. This is an internal adjustment.
Step 3
Exam Tip
डेबिट से अ का दावा घटता है और क्रेडिट से ब का दावा बढ़ता है। यह आंतरिक समायोजन है।
A. जब वास्तविक नकद भुगतान या प्राप्ति हो/When actual cash payment or receipt occurs
Step 1
Concept
Many adjustments are only between partners accounts. Cash is affected only when money actually comes or goes.
Step 2
Why this answer is correct
The correct answer is A. जब वास्तविक नकद भुगतान या प्राप्ति हो / When actual cash payment or receipt occurs. Many adjustments are only between partners accounts. Cash is affected only when money actually comes or goes.
Step 3
Exam Tip
कई समायोजन केवल साझेदारों के खातों के बीच होते हैं। नकद तभी प्रभावित होता है जब पैसा सच में आए या जाए।
A. क्योंकि सुधार साझेदारों के खातों में होता है/Because correction is made in partners accounts
Step 1
Concept
Correction of past error is generally made in capital or current accounts. Actual cash transaction is not necessary.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि सुधार साझेदारों के खातों में होता है / Because correction is made in partners accounts. Correction of past error is generally made in capital or current accounts. Actual cash transaction is not necessary.
Step 3
Exam Tip
पुरानी गलती का सुधार सामान्यतः पूंजी या चालू खातों में किया जाता है। वास्तविक नकद लेनदेन जरूरी नहीं होता।
A. पहले बांटा लाभ अधिक था/Profit distributed earlier was excessive
Step 1
Concept
Reserve should have been deducted from profit. Omitting it caused excess profit distribution to partners.
Step 2
Why this answer is correct
The correct answer is A. पहले बांटा लाभ अधिक था / Profit distributed earlier was excessive. Reserve should have been deducted from profit. Omitting it caused excess profit distribution to partners.
Step 3
Exam Tip
आरक्षित निधि लाभ से घटनी चाहिए थी। उसे छोड़ने से साझेदारों में अधिक लाभ बांट गया।
A. दो हजार पांच सौ रुपये/Two thousand five hundred rupees
Step 1
Concept
Omission of reserve caused excess distribution of five thousand. Equally between two partners each 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. Omission of reserve caused excess distribution of five thousand. Equally between two partners each received excess two thousand five hundred.
Step 3
Exam Tip
आरक्षित निधि छूटने से लाभ पांच हजार अधिक बंटा। दो साझेदारों में समान रूप से प्रत्येक को दो हजार पांच सौ अधिक मिला।
A. संबंधित साझेदार डेबिट होगा और लाभ अनुपात में साझेदार क्रेडिट होंगे/Concerned partner is debited and partners are credited in profit ratio
Step 1
Concept
Interest on drawings is recovered from concerned partner. Then it is treated like profit and credited to partners in ratio.
Step 2
Why this answer is correct
The correct answer is A. संबंधित साझेदार डेबिट होगा और लाभ अनुपात में साझेदार क्रेडिट होंगे / Concerned partner is debited and partners are credited in profit ratio. Interest on drawings is recovered from concerned partner. Then it is treated like profit and credited to partners in ratio.
Step 3
Exam Tip
आहरण ब्याज संबंधित साझेदार से वसूल होता है। फिर यह लाभ की तरह अनुपात में साझेदारों को मिलता है।
Two thousand is recovered from A but he gets one thousand back as profit share. Net effect is debit one thousand.
Step 2
Why this answer is correct
The correct answer is A. एक हजार रुपये डेबिट / Debit one thousand rupees. Two thousand is recovered from A but he gets one thousand back as profit share. Net effect is debit one thousand.
Step 3
Exam Tip
अ से दो हजार वसूल होगा पर लाभ में उसे एक हजार वापस मिलेगा। शुद्ध प्रभाव एक हजार डेबिट है।
A. दो हजार रुपये क्रेडिट/Credit two thousand rupees
Step 1
Concept
B should receive four thousand interest but his profit share reduces by two thousand. Net benefit to B is two thousand.
Step 2
Why this answer is correct
The correct answer is A. दो हजार रुपये क्रेडिट / Credit two thousand rupees. B should receive four thousand interest but his profit share reduces by two thousand. Net benefit to B is two thousand.
Step 3
Exam Tip
ब को चार हजार ब्याज मिलना था पर लाभ घटने से उसका लाभ हिस्सा दो हजार कम होता। शुद्ध लाभ ब को दो हजार है।
Interest on capital is appropriation of profit. Allowing it reduces remaining distributable profit.
Step 2
Why this answer is correct
The correct answer is A. लाभ घटता है / Profit decreases. Interest on capital is appropriation of profit. Allowing it reduces remaining distributable profit.
Step 3
Exam Tip
पूंजी पर ब्याज लाभ का विनियोग है। इसे देने से शेष बांटने योग्य लाभ घटता है।
Total parts are three and one part is three thousand. A two parts will be six thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. छह हजार रुपये / Six thousand rupees. Total parts are three and one part is three thousand. A two parts will be six thousand rupees.
Step 3
Exam Tip
कुल तीन भाग हैं और एक भाग तीन हजार है। अ के दो भाग छह हजार रुपये होंगे।
Omitted expense is deducted from profit. Therefore partners accounts get debit effect in ratio.
Step 2
Why this answer is correct
The correct answer is A. लाभ घटेगा / Profit will decrease. Omitted expense is deducted from profit. Therefore partners accounts get debit effect in ratio.
Step 3
Exam Tip
छूटा हुआ खर्च लाभ से घटाया जाता है। इसलिए साझेदारों के खातों में अनुपात से डेबिट प्रभाव पड़ेगा।
A. साझेदारों के पूंजी या चालू खातों में/In partners capital or current accounts
Step 1
Concept
When accounts are closed the difference is adjusted in partners capital or current accounts. This avoids reopening the whole account.
Step 2
Why this answer is correct
The correct answer is A. साझेदारों के पूंजी या चालू खातों में / In partners capital or current accounts. When accounts are closed the difference is adjusted in partners capital or current accounts. This avoids reopening the whole account.
Step 3
Exam Tip
खाते बंद होने पर अंतर को साझेदारों के पूंजी या चालू खातों में समायोजित करते हैं। इससे पूरा खाता दोबारा खोलना जरूरी नहीं रहता।
A. छूटी या गलत मदों की सूची बनाना/Make a list of omitted or wrong items
Step 1
Concept
First write every error and its debit credit effect. Then make net adjustment in partners accounts.
Step 2
Why this answer is correct
The correct answer is A. छूटी या गलत मदों की सूची बनाना / Make a list of omitted or wrong items. First write every error and its debit credit effect. Then make net adjustment in partners accounts.
Step 3
Exam Tip
पहले हर गलती और उसका डेबिट क्रेडिट प्रभाव लिखें। फिर साझेदारों के खातों में शुद्ध समायोजन करें।
