A. सही हिस्सा और पहले बांटा हिस्सा/Correct share and share already distributed
Step 1
Concept
In correction the correct share is compared with the amount already given. The difference becomes the adjustment amount.
Step 2
Why this answer is correct
The correct answer is A. सही हिस्सा और पहले बांटा हिस्सा / Correct share and share already distributed. In correction the correct share is compared with the amount already given. The difference becomes the adjustment amount.
Step 3
Exam Tip
सुधार में सही हिस्से की तुलना पहले दिए हिस्से से की जाती है। अंतर ही समायोजन की राशि बनता है।
A. संबंधित साझेदार का खाता/Concerned partners account
Step 1
Concept
Interest on capital is payable to partner. If omitted the concerned partner is credited.
Step 2
Why this answer is correct
The correct answer is A. संबंधित साझेदार का खाता / Concerned partners account. Interest on capital is payable to partner. If omitted the concerned partner is credited.
Step 3
Exam Tip
पूंजी पर ब्याज साझेदार को देय होता है। छूटने पर संबंधित साझेदार को क्रेडिट किया जाता है।
B. संबंधित साझेदार का खाता/Concerned partners account
Step 1
Concept
Interest on drawings is recoverable from the partner. Therefore the concerned partners account is debited.
Step 2
Why this answer is correct
The correct answer is B. संबंधित साझेदार का खाता / Concerned partners account. Interest on drawings is recoverable from the 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. साझेदार खाता क्रेडिट होगा/Partner account will be credited
Step 1
Concept
Salary is payable to partner. Therefore credit his account when it is omitted.
Step 2
Why this answer is correct
The correct answer is A. साझेदार खाता क्रेडिट होगा / Partner account will be credited. Salary is payable to partner. Therefore credit his account when it is omitted.
Step 3
Exam Tip
वेतन साझेदार को देय राशि है। इसलिए छूटने पर उसके खाते को क्रेडिट करें।
Excess commission overstates the partners claim. His account is debited to remove the excess.
Step 2
Why this answer is correct
The correct answer is B. डेबिट होगा / It will be debited. Excess commission overstates the partners claim. His account is debited to remove the excess.
Step 3
Exam Tip
अधिक कमीशन से साझेदार का दावा अधिक दिखता है। अतिरिक्त राशि हटाने के लिए उसका खाता डेबिट होगा।
Drawings reduce capital or claim. If recorded less debit the partners account with the extra amount.
Step 2
Why this answer is correct
The correct answer is A. डेबिट होगा / It will be debited. Drawings reduce capital or claim. If recorded less debit the partners account with the extra amount.
Step 3
Exam Tip
आहरण पूंजी या दावा घटाते हैं। कम दर्ज होने पर अतिरिक्त राशि से साझेदार का खाता डेबिट करें।
The excess debit of drawings must be removed. Therefore the concerned partners account is credited.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट होगा / It will be credited. The excess debit of drawings must be removed. Therefore the concerned partners account is credited.
Step 3
Exam Tip
अधिक आहरण डेबिट को हटाना है। इसलिए संबंधित साझेदार का खाता क्रेडिट होगा।
Personal expense is drawings of the partner. Therefore the concerned partners account is debited.
Step 2
Why this answer is correct
The correct answer is B. साझेदार खाता डेबिट / Debit partner account. Personal expense is drawings of the partner. Therefore the concerned partners account is debited.
Step 3
Exam Tip
निजी खर्च साझेदार का आहरण है। इसलिए संबंधित साझेदार का खाता डेबिट होगा।
Omitted income increases profit. Therefore partners 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. Omitted income increases profit. Therefore partners are credited in profit ratio.
Step 3
Exam Tip
छूटी हुई आय लाभ बढ़ाती है। इसलिए साझेदारों को लाभ अनुपात में क्रेडिट किया जाता है।
Omitted expense reduces profit. Therefore partners accounts are debited in profit ratio.
Step 2
Why this answer is correct
The correct answer is B. लाभ अनुपात में डेबिट / Debit in profit ratio. Omitted expense reduces profit. Therefore partners accounts are debited in profit ratio.
Step 3
Exam Tip
छूटा खर्च लाभ घटाता है। इसलिए साझेदारों के खातों को लाभ अनुपात में डेबिट किया जाता है।
Omitted income increases profit and is shared equally. A will be credited by two thousand rupees.
Step 2
Why this answer is correct
The correct answer is B. दो हजार रुपये / Two thousand rupees. Omitted income increases profit and is shared equally. A will be credited by two thousand rupees.
Step 3
Exam Tip
छूटी आय लाभ बढ़ाती है और समान रूप से बंटेगी। अ को दो हजार रुपये क्रेडिट होंगे।
Total parts are five and B has three parts. Three fifths of fifteen thousand is nine thousand.
Step 2
Why this answer is correct
The correct answer is B. नौ हजार रुपये / Nine thousand rupees. Total parts are five and B has three parts. Three fifths of fifteen thousand is nine thousand.
Step 3
Exam Tip
कुल पांच भाग हैं और ब के तीन भाग हैं। पंद्रह हजार का तीन पांचवां हिस्सा नौ हजार है।
Total parts are five and A has four parts. Four fifths of ten thousand is eight thousand.
Step 2
Why this answer is correct
The correct answer is B. आठ हजार रुपये / Eight thousand rupees. Total parts are five and A has four parts. Four fifths of ten thousand is eight thousand.
Step 3
Exam Tip
कुल पांच भाग हैं और अ के चार भाग हैं। दस हजार का चार पांचवां हिस्सा आठ हजार है।
A. क्योंकि ब्याज से लाभ घटेगा और उसका हिस्सा भी घटेगा/Because interest reduces profit and his profit share also reduces
Step 1
Concept
Interest on capital gives credit to that partner but reduces remaining profit. Therefore his net effect may be lower.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि ब्याज से लाभ घटेगा और उसका हिस्सा भी घटेगा / Because interest reduces profit and his profit share also reduces. Interest on capital gives credit to that partner but reduces remaining profit. Therefore his net effect may be lower.
Step 3
Exam Tip
पूंजी ब्याज जोड़ने से उस साझेदार को क्रेडिट मिलता है लेकिन शेष लाभ घटता है। इसलिए उसका शुद्ध प्रभाव कम हो सकता है।
Four thousand will be recovered from A but he gets two thousand back as profit share. Net effect is debit two thousand.
Step 2
Why this answer is correct
The correct answer is A. दो हजार रुपये डेबिट / Debit two thousand rupees. Four thousand will be recovered from A but he gets two thousand back as profit share. Net effect is debit two thousand.
Step 3
Exam Tip
अ से चार हजार वसूल होंगे पर लाभ में उसे दो हजार वापस मिलेंगे। शुद्ध प्रभाव दो हजार डेबिट है।
C. तीन हजार रुपये क्रेडिट/Credit three thousand rupees
Step 1
Concept
B gets six thousand interest but his share in remaining profit reduces by three thousand. Therefore net credit is three thousand.
Step 2
Why this answer is correct
The correct answer is C. तीन हजार रुपये क्रेडिट / Credit three thousand rupees. B gets six thousand interest but his share in remaining profit reduces by three thousand. Therefore net credit is three thousand.
Step 3
Exam Tip
ब को छह हजार ब्याज मिलेगा पर शेष लाभ में उसका हिस्सा तीन हजार घटेगा। इसलिए शुद्ध क्रेडिट तीन हजार है।
Entry for only the difference is called adjustment entry. It reduces the need to reopen old accounts.
Step 2
Why this answer is correct
The correct answer is B. समायोजन प्रविष्टि / Adjustment entry. Entry for only the difference is called adjustment entry. It reduces the need to reopen old accounts.
Step 3
Exam Tip
केवल अंतर की प्रविष्टि समायोजन प्रविष्टि कहलाती है। इससे पुराने खाते दोबारा खोलने की जरूरत कम होती है।
B. ब डेबिट दो हजार अ क्रेडिट दो हजार/Debit B two thousand credit A two thousand
Step 1
Concept
A received two thousand less and B received two thousand excess. Therefore B is debited and A is credited.
Step 2
Why this answer is correct
The correct answer is B. ब डेबिट दो हजार अ क्रेडिट दो हजार / Debit B two thousand credit A two thousand. A received two thousand less and B received two thousand excess. Therefore B is debited and A is credited.
Step 3
Exam Tip
अ को दो हजार कम मिला और ब को दो हजार अधिक मिला। इसलिए ब डेबिट और अ क्रेडिट होगा।
A. तीन हजार रुपये क्रेडिट/Credit three thousand rupees
Step 1
Concept
B received three thousand less. Therefore his account is credited by three thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. तीन हजार रुपये क्रेडिट / Credit three thousand rupees. B received three thousand less. Therefore his account is credited by three thousand rupees.
Step 3
Exam Tip
ब को तीन हजार कम मिला। इसलिए उसका खाता तीन हजार रुपये क्रेडिट होगा।
A. चालू खाते में क्रेडिट/Credit in current account
Step 1
Concept
Under fixed capital regular adjustments go to current account. Salary is payable to partner so current account is credited.
Step 2
Why this answer is correct
The correct answer is A. चालू खाते में क्रेडिट / Credit in current account. Under fixed capital regular adjustments go to current account. Salary is payable to partner so current account is credited.
Step 3
Exam Tip
स्थिर पूंजी में नियमित समायोजन चालू खाते में होते हैं। वेतन साझेदार को देय है इसलिए चालू खाते में क्रेडिट होगा।
In fluctuating method drawings are debited to capital account. This reduces capital balance.
Step 2
Why this answer is correct
The correct answer is B. पूंजी खाते में डेबिट / Debit in capital account. In fluctuating method drawings are debited to capital account. This reduces capital balance.
Step 3
Exam Tip
परिवर्तनशील पद्धति में आहरण पूंजी खाते में डेबिट होते हैं। इससे पूंजी शेष घटता है।
Under fixed method regular adjustments go to current account. Interest on drawings is debited to current account.
Step 2
Why this answer is correct
The correct answer is B. चालू खाता / Current Account. Under fixed method regular adjustments go to current account. Interest on drawings is debited to current account.
Step 3
Exam Tip
स्थिर पद्धति में नियमित समायोजन चालू खाते में जाते हैं। आहरण पर ब्याज चालू खाते में डेबिट होगा।
Under fluctuating method regular items go to capital account. Interest on capital is credited to capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता / Capital Account. Under fluctuating method regular items go to capital account. Interest on capital is credited to capital account.
Step 3
Exam Tip
परिवर्तनशील पद्धति में नियमित मदें पूंजी खाते में ही जाती हैं। पूंजी पर ब्याज पूंजी खाते में क्रेडिट होगा।
Reserve should have been deducted from profit. If omitted partners received excess profit.
Step 2
Why this answer is correct
The correct answer is B. अधिक बांटा गया / Distributed excess. Reserve should have been deducted from profit. If omitted partners received excess profit.
Step 3
Exam Tip
आरक्षित निधि लाभ से घटनी चाहिए थी। छूटने पर साझेदारों को अधिक लाभ मिल गया।
Omission of reserve caused excess distribution of ten thousand. B three fifths share is six thousand debit.
Step 2
Why this answer is correct
The correct answer is B. छह हजार रुपये / Six thousand rupees. Omission of reserve caused excess distribution of ten thousand. B three fifths share is six thousand debit.
Step 3
Exam Tip
आरक्षित छूटने से दस हजार अधिक लाभ बांटा गया। ब का तीन पांचवां हिस्सा छह हजार रुपये डेबिट होगा।
B. दो हजार पांच सौ रुपये/Two thousand five hundred rupees
Step 1
Concept
Removing excess reserve increases profit by five thousand. Each of two partners is credited by two thousand five hundred.
Step 2
Why this answer is correct
The correct answer is B. दो हजार पांच सौ रुपये / Two thousand five hundred rupees. Removing excess reserve increases profit by five thousand. Each of two partners is credited by two thousand five hundred.
Step 3
Exam Tip
अधिक आरक्षित निधि हटाने से लाभ पांच हजार बढ़ता है। दो साझेदारों में प्रत्येक को दो हजार पांच सौ क्रेडिट होगा।
A partner receiving goodwill benefit has increased claim. Therefore his account is credited.
Step 2
Why this answer is correct
The correct answer is A. क्रेडिट होगा / It will be credited. A partner receiving goodwill benefit has increased claim. Therefore his account is credited.
Step 3
Exam Tip
साख का लाभ पाने वाले साझेदार का दावा बढ़ता है। इसलिए उसका खाता क्रेडिट किया जाता है।
A. अ खाता डेबिट और ब खाता क्रेडिट/Debit A account and credit B account
Step 1
Concept
Excess profit is taken back from A and given to B. Therefore A is debited and B is credited.
Step 2
Why this answer is correct
The correct answer is A. अ खाता डेबिट और ब खाता क्रेडिट / Debit A account and credit B account. Excess profit is taken back from A and given to B. Therefore A is debited and B is credited.
Step 3
Exam Tip
अ से अतिरिक्त लाभ वापस लेकर ब को देना है। इसलिए अ डेबिट और ब क्रेडिट होगा।
A. लाभ का आंतरिक पुनर्वितरण/Internal redistribution of profit
Step 1
Concept
In such adjustment total profit remains the same. Amount only shifts from one partner to another.
Step 2
Why this answer is correct
The correct answer is A. लाभ का आंतरिक पुनर्वितरण / Internal redistribution of profit. In such adjustment total profit remains the same. Amount only shifts from one partner to another.
Step 3
Exam Tip
ऐसे समायोजन में कुल लाभ वही रहता है। राशि केवल एक साझेदार से दूसरे में स्थानांतरित होती है।
A. क्योंकि फर्म का कुल लाभ बढ़ता है/Because total profit of firm increases
Step 1
Concept
Adding omitted income increases total profit. Therefore all partners get additional credit in profit ratio.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि फर्म का कुल लाभ बढ़ता है / Because total profit of firm increases. Adding omitted income increases total profit. Therefore all partners get additional credit in profit ratio.
Step 3
Exam Tip
छूटी आय जोड़ने से कुल लाभ बढ़ता है। इसलिए सभी साझेदारों को लाभ अनुपात में अतिरिक्त क्रेडिट मिलता है।
Omitted expense reduces profit. The decrease in profit is shared among partners in profit ratio.
Step 2
Why this answer is correct
The correct answer is A. लाभ विभाजन अनुपात / Profit sharing ratio. Omitted expense reduces profit. The decrease in profit is shared among partners in profit ratio.
Step 3
Exam Tip
छूटा खर्च लाभ घटाता है। लाभ में कमी साझेदारों में लाभ अनुपात से बांटी जाती है।
A. अ का ऋण या ब्याज खाता/A loan or interest account
Step 1
Concept
Loan interest is payable to A. Therefore A related loan interest or account is credited.
Step 2
Why this answer is correct
The correct answer is A. अ का ऋण या ब्याज खाता / A loan or interest account. Loan interest is payable to A. Therefore A related loan interest or account is credited.
Step 3
Exam Tip
ऋण ब्याज अ को देय है। इसलिए अ से संबंधित ऋण ब्याज या खाते को क्रेडिट किया जाता है।
Loan interest is an expense and should have been deducted. If omitted net profit appears higher.
Step 2
Why this answer is correct
The correct answer is B. लाभ अधिक दिखा / Profit appeared higher. Loan interest is an expense and should have been deducted. If omitted net profit appears higher.
Step 3
Exam Tip
ऋण ब्याज खर्च है और घटना चाहिए था। छूटने पर शुद्ध लाभ अधिक दिखता है।
Taking goods for personal use is like drawings. Therefore A account is debited.
Step 2
Why this answer is correct
The correct answer is A. अ खाता डेबिट होगा / A account will be debited. Taking goods for personal use is like drawings. Therefore A account is debited.
Step 3
Exam Tip
निजी उपयोग के लिए माल लेना आहरण जैसा है। इसलिए अ के खाते को डेबिट किया जाएगा।
In an omitted entry only the correct effect is given. Therefore A will be credited.
Step 2
Why this answer is correct
The correct answer is B. अ को क्रेडिट किया जाएगा / A will be credited. In an omitted entry only the correct effect is given. Therefore A will be credited.
Step 3
Exam Tip
छूटी हुई प्रविष्टि में केवल सही प्रभाव देना होता है। इसलिए अ को क्रेडिट किया जाएगा।
Wrong credit must be removed and correct debit must be made. Therefore the effect is debit of double the amount.
Step 2
Why this answer is correct
The correct answer is B. राशि का दोगुना डेबिट / Debit double the amount. Wrong credit must be removed and correct debit must be made. Therefore the effect is debit of double the amount.
Step 3
Exam Tip
गलत क्रेडिट हटाना और सही डेबिट करना दोनों जरूरी हैं। इसलिए प्रभाव राशि का दोगुना डेबिट होता है।
A. राशि का दोगुना क्रेडिट/Credit double the amount
Step 1
Concept
Wrong debit must be removed and correct credit must be made. Therefore the effect is credit of double the amount.
Step 2
Why this answer is correct
The correct answer is A. राशि का दोगुना क्रेडिट / Credit double the amount. Wrong debit must be removed and correct credit must be made. Therefore the effect is credit of double the amount.
Step 3
Exam Tip
गलत डेबिट हटाना और सही क्रेडिट देना दोनों जरूरी हैं। इसलिए प्रभाव राशि का दोगुना क्रेडिट है।
B. अ खाता डेबिट ब खाता क्रेडिट/Debit A account credit B account
Step 1
Concept
The account with net debit is debited and the account with net credit is credited. Therefore A is debited and B is credited.
Step 2
Why this answer is correct
The correct answer is B. अ खाता डेबिट ब खाता क्रेडिट / Debit A account credit B account. The account with net debit is debited and the account with net credit is credited. Therefore A is debited and B is credited.
Step 3
Exam Tip
शुद्ध डेबिट वाला खाता डेबिट और शुद्ध क्रेडिट वाला खाता क्रेडिट होता है। इसलिए अ डेबिट और ब क्रेडिट होगा।
A. कुल डेबिट और कुल क्रेडिट बराबर होने चाहिए/Total debit and total credit must be equal
Step 1
Concept
Adjustment entry also follows double entry system. Therefore total debit and credit must be equal.
Step 2
Why this answer is correct
The correct answer is A. कुल डेबिट और कुल क्रेडिट बराबर होने चाहिए / Total debit and total credit must be equal. Adjustment entry also follows double entry system. Therefore total debit and credit must be equal.
Step 3
Exam Tip
समायोजन प्रविष्टि भी दोहरी लेखा प्रणाली का पालन करती है। इसलिए कुल डेबिट और क्रेडिट बराबर होने चाहिए।
