A. अ के खाते में रुपये 12500 क्रेडिट/Credit Rs 12500 to As account
Step 1
Concept
A paid a firm expense from personal funds so the firm owes him. In such adjustment the partners account is credited.
Step 2
Why this answer is correct
The correct answer is A. अ के खाते में रुपये 12500 क्रेडिट / Credit Rs 12500 to As account. A paid a firm expense from personal funds so the firm owes him. In such adjustment the partners account is credited.
Step 3
Exam Tip
फर्म का खर्च अ ने निजी धन से चुकाया है इसलिए फर्म अ की देनदार है। ऐसे समायोजन में साझेदार का खाता क्रेडिट होता है।
A. ब के खाते में रुपये 3600 डेबिट/Debit Rs 3600 to Bs account
Step 1
Concept
Personal bill is not a firm expense. It is debited like drawings of the partner.
Step 2
Why this answer is correct
The correct answer is A. ब के खाते में रुपये 3600 डेबिट / Debit Rs 3600 to Bs account. Personal bill is not a firm expense. It is debited like drawings of the partner.
Step 3
Exam Tip
निजी बिल फर्म का खर्च नहीं है। इसे साझेदार के आहरण की तरह डेबिट किया जाएगा।
Interest on capital is calculated by applying the rate on capital. Eight percent of Rs 120000 is Rs 9600.
Step 2
Why this answer is correct
The correct answer is A. रुपये 9600 / Rs 9600. Interest on capital is calculated by applying the rate on capital. Eight percent of Rs 120000 is Rs 9600.
Step 3
Exam Tip
पूँजी पर ब्याज पूँजी पर दर लगाकर निकाला जाता है। रुपये 120000 का आठ प्रतिशत रुपये 9600 है।
Drawing at the beginning of the year carries interest for the full year. Ten percent of Rs 18000 is Rs 1800.
Step 2
Why this answer is correct
The correct answer is A. रुपये 1800 / Rs 1800. Drawing at the beginning of the year carries interest for the full year. Ten percent of Rs 18000 is Rs 1800.
Step 3
Exam Tip
वर्ष की शुरुआत में आहरण पर पूरे वर्ष का ब्याज लगता है। रुपये 18000 का दस प्रतिशत रुपये 1800 है।
A. साझेदार के चालू खाते में क्रेडिट/Credit in partners current account
Step 1
Concept
Under fixed capital method normal adjustments go to current account. Interest on capital is payable to partner so current account is credited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार के चालू खाते में क्रेडिट / Credit in partners current account. Under fixed capital method normal adjustments go to current account. Interest on capital is payable to partner so current account is credited.
Step 3
Exam Tip
स्थिर पूँजी पद्धति में सामान्य समायोजन चालू खाते में जाते हैं। पूँजी पर ब्याज साझेदार को देय है इसलिए चालू खाते में क्रेडिट होगा।
A. साझेदार के पूँजी खाते में/In partners capital account
Step 1
Concept
Under fluctuating capital method partner adjustments are recorded in capital account. Interest on drawings is recoverable from partner so capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार के पूँजी खाते में / In partners capital account. Under fluctuating capital method partner adjustments are recorded in capital account. Interest on drawings is recoverable from partner so capital account is debited.
Step 3
Exam Tip
चल पूँजी पद्धति में साझेदार समायोजन पूँजी खाते में लिखे जाते हैं। आहरण पर ब्याज साझेदार से वसूली है इसलिए पूँजी खाते में डेबिट होगा।
Salary and interest on capital are both payable to the partner. Therefore total credit in As account will be Rs 15500.
Step 2
Why this answer is correct
The correct answer is A. रुपये 15500 / Rs 15500. Salary and interest on capital are both payable to the partner. Therefore total credit in As account will be Rs 15500.
Step 3
Exam Tip
वेतन और पूँजी पर ब्याज दोनों साझेदार को देय हैं। इसलिए अ के खाते में कुल क्रेडिट रुपये 15500 होगा।
Drawings and interest on drawings are both recoverable from B. Therefore total debit will be Rs 23800.
Step 2
Why this answer is correct
The correct answer is A. रुपये 23800 / Rs 23800. Drawings and interest on drawings are both recoverable from B. Therefore total debit will be Rs 23800.
Step 3
Exam Tip
आहरण और आहरण पर ब्याज दोनों ब से वसूली योग्य हैं। इसलिए कुल डेबिट रुपये 23800 होगा।
A. कमीशन नहीं दिया जाएगा/Commission will not be allowed
Step 1
Concept
Partner commission is allowed only when the deed provides it. If deed is silent it is not deducted from profit.
Step 2
Why this answer is correct
The correct answer is A. कमीशन नहीं दिया जाएगा / Commission will not be allowed. Partner commission is allowed only when the deed provides it. If deed is silent it is not deducted from profit.
Step 3
Exam Tip
साझेदार कमीशन केवल विलेख में प्रावधान होने पर दिया जाता है। मौन विलेख में इसे लाभ से नहीं घटाते।
Interest on capital is generally an appropriation of profit. Therefore it is not allowed beyond available profit.
Step 2
Why this answer is correct
The correct answer is A. उपलब्ध लाभ तक / Up to available profit. Interest on capital is generally an appropriation of profit. Therefore it is not allowed beyond available profit.
Step 3
Exam Tip
पूँजी पर ब्याज सामान्यतः लाभ का विनियोजन है। इसलिए इसे उपलब्ध लाभ से अधिक नहीं दिया जाता।
Interest on drawings is added and interest on capital is deducted from net profit. Rs 110000 plus Rs 4000 minus Rs 26000 equals Rs 88000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 88000 / Rs 88000. Interest on drawings is added and interest on capital is deducted from net profit. Rs 110000 plus Rs 4000 minus Rs 26000 equals Rs 88000.
Step 3
Exam Tip
शुद्ध लाभ में आहरण पर ब्याज जोड़ा और पूँजी पर ब्याज घटाया जाता है। रुपये 110000 जोड़ रुपये 4000 घटा रुपये 26000 बराबर रुपये 88000 है।
A. अ के खाते में आहरण के रूप में डेबिट/Debit As account as drawings
Step 1
Concept
Taking firms goods for personal use is drawings. Therefore As account is debited.
Step 2
Why this answer is correct
The correct answer is A. अ के खाते में आहरण के रूप में डेबिट / Debit As account as drawings. Taking firms goods for personal use is drawings. Therefore As account is debited.
Step 3
Exam Tip
फर्म का माल निजी उपयोग में लेना आहरण है। इसलिए अ के खाते को डेबिट किया जाएगा।
A. ब के खाते में रुपये 18000 क्रेडिट/Credit Rs 18000 to Bs account
Step 1
Concept
B paid personally for a firms asset. Therefore the firm owes B and Bs account is credited.
Step 2
Why this answer is correct
The correct answer is A. ब के खाते में रुपये 18000 क्रेडिट / Credit Rs 18000 to Bs account. B paid personally for a firms asset. Therefore the firm owes B and Bs account is credited.
Step 3
Exam Tip
फर्म की संपत्ति के लिए ब ने निजी भुगतान किया है। इसलिए फर्म ब की देनदार है और ब का खाता क्रेडिट होगा।
Deficiency is the difference between minimum profit and normal share. Rs 32000 minus Rs 27000 equals Rs 5000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 5000 / Rs 5000. Deficiency is the difference between minimum profit and normal share. Rs 32000 minus Rs 27000 equals Rs 5000.
Step 3
Exam Tip
गारंटी की कमी न्यूनतम लाभ और सामान्य हिस्से का अंतर है। रुपये 32000 घटा रुपये 27000 बराबर रुपये 5000 है।
Bs normal share is Rs 40000 and deficiency is Rs 5000. A bears the deficiency from his Rs 40000 share so A gets Rs 35000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 35000 / Rs 35000. Bs normal share is Rs 40000 and deficiency is Rs 5000. A bears the deficiency from his Rs 40000 share so A gets Rs 35000.
Step 3
Exam Tip
ब का सामान्य हिस्सा रुपये 40000 है और कमी रुपये 5000 है। अ अपने हिस्से रुपये 40000 में से कमी वहन करेगा इसलिए अ को रुपये 35000 मिलेंगे।
A. शुद्ध लाभ से रुपये 7500 घटाएँ/Deduct Rs 7500 from net profit
Step 1
Concept
Interest on partner loan is an expense of the firm. It is deducted from net profit before distribution.
Step 2
Why this answer is correct
The correct answer is A. शुद्ध लाभ से रुपये 7500 घटाएँ / Deduct Rs 7500 from net profit. Interest on partner loan is an expense of the firm. It is deducted from net profit before distribution.
Step 3
Exam Tip
साझेदार ऋण पर ब्याज फर्म का खर्च है। इसे लाभ वितरण से पहले शुद्ध लाभ से घटाया जाता है।
A. खर्च को विनियोजन मान लिया जाएगा/An expense will be treated as appropriation
Step 1
Concept
Interest on loan is an expense before profit while interest on capital is profit appropriation. Both must be kept separate.
Step 2
Why this answer is correct
The correct answer is A. खर्च को विनियोजन मान लिया जाएगा / An expense will be treated as appropriation. Interest on loan is an expense before profit while interest on capital is profit appropriation. Both must be kept separate.
Step 3
Exam Tip
ऋण पर ब्याज लाभ से पहले खर्च है जबकि पूँजी पर ब्याज लाभ का विनियोजन है। दोनों को अलग रखना चाहिए।
For monthly drawings in the middle average period is six months. Interest on Rs 36000 at twelve percent for six months is Rs 2160.
Step 2
Why this answer is correct
The correct answer is A. रुपये 2160 / Rs 2160. For monthly drawings in the middle average period is six months. Interest on Rs 36000 at twelve percent for six months is Rs 2160.
Step 3
Exam Tip
मासिक मध्य आहरण की औसत अवधि छह महीने होती है। कुल आहरण रुपये 36000 पर बारह प्रतिशत से छह महीने का ब्याज रुपये 2160 है।
For quarterly drawings at the end average period is four and half months. Interest on Rs 20000 at eight percent is Rs 600.
Step 2
Why this answer is correct
The correct answer is A. रुपये 600 / Rs 600. For quarterly drawings at the end average period is four and half months. Interest on Rs 20000 at eight percent is Rs 600.
Step 3
Exam Tip
त्रैमासिक अंत में औसत अवधि साढ़े चार महीने होती है। कुल आहरण रुपये 20000 पर आठ प्रतिशत से ब्याज रुपये 600 है।
Interest is on Rs 50000 for full year and Rs 20000 for eight months. Total interest is about Rs 6333.
Step 2
Why this answer is correct
The correct answer is A. रुपये 6333 लगभग / About Rs 6333. Interest is on Rs 50000 for full year and Rs 20000 for eight months. Total interest is about Rs 6333.
Step 3
Exam Tip
रुपये 50000 पर पूरे वर्ष और रुपये 20000 पर आठ महीने का ब्याज लगेगा। कुल ब्याज लगभग रुपये 6333 है।
Interest is on Rs 70000 for first six months and Rs 40000 for next six months. Total is Rs 3500 plus Rs 2000 equal to Rs 5500.
Step 2
Why this answer is correct
The correct answer is A. रुपये 5500 / Rs 5500. Interest is on Rs 70000 for first six months and Rs 40000 for next six months. Total is Rs 3500 plus Rs 2000 equal to Rs 5500.
Step 3
Exam Tip
पहले छह महीने रुपये 70000 और अगले छह महीने रुपये 40000 पर ब्याज लगेगा। कुल ब्याज रुपये 3500 जोड़ रुपये 2000 बराबर रुपये 5500 है।
Credit items are Rs 12000 and debit drawings are Rs 15000. The difference is Rs 3000 debit balance.
Step 2
Why this answer is correct
The correct answer is A. रुपये 3000 डेबिट / Rs 3000 debit. Credit items are Rs 12000 and debit drawings are Rs 15000. The difference is Rs 3000 debit balance.
Step 3
Exam Tip
क्रेडिट मदें रुपये 12000 हैं और डेबिट आहरण रुपये 15000 है। अंतर रुपये 3000 डेबिट शेष है।
Commission is credit and opening debit plus interest on drawings are total Rs 2500 debit. Difference is Rs 4000 credit.
Step 2
Why this answer is correct
The correct answer is A. रुपये 4000 क्रेडिट / Rs 4000 credit. Commission is credit and opening debit plus interest on drawings are total Rs 2500 debit. Difference is Rs 4000 credit.
Step 3
Exam Tip
कमीशन क्रेडिट है और प्रारंभिक डेबिट तथा आहरण ब्याज कुल रुपये 2500 डेबिट हैं। अंतर रुपये 4000 क्रेडिट है।
Profit and salary are added and drawings are deducted. Rs 90000 plus Rs 35000 minus Rs 18000 equals Rs 107000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 107000 / Rs 107000. Profit and salary are added and drawings are deducted. Rs 90000 plus Rs 35000 minus Rs 18000 equals Rs 107000.
Step 3
Exam Tip
लाभ और वेतन जोड़े जाते हैं तथा आहरण घटता है। रुपये 90000 जोड़ रुपये 35000 घटा रुपये 18000 बराबर रुपये 107000 है।
Drawings should have been debited but were credited. The difference between correct and wrong balance is double which is Rs 24000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 24000 अधिक दिखेगी / Overstated by Rs 24000. Drawings should have been debited but were credited. The difference between correct and wrong balance is double which is Rs 24000.
Step 3
Exam Tip
आहरण को डेबिट होना था लेकिन क्रेडिट कर दिया गया। सही और गलत शेष में दो गुना यानी रुपये 24000 का अंतर होगा।
Debiting instead of correct credit creates a double difference. Therefore partners balance is understated by Rs 14000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 14000 कम दिखेगा / Understated by Rs 14000. Debiting instead of correct credit creates a double difference. Therefore partners balance is understated by Rs 14000.
Step 3
Exam Tip
सही क्रेडिट की जगह डेबिट करने से दोहरा अंतर आता है। इसलिए साझेदार का शेष रुपये 14000 कम दिखेगा।
Interest on drawings should have been debited to partner account. Omitting it makes partners claim higher by Rs 900.
Step 2
Why this answer is correct
The correct answer is A. रुपये 900 अधिक दिखेगा / Overstated by Rs 900. Interest on drawings should have been debited to partner account. Omitting it makes partners claim higher by Rs 900.
Step 3
Exam Tip
आहरण पर ब्याज साझेदार खाते में डेबिट होना चाहिए था। इसे छोड़ने से साझेदार का दावा रुपये 900 अधिक दिखेगा।
Partner salary is a debit appropriation item. Omitting it makes remaining profit overstated by Rs 11000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 11000 अधिक दिखेगा / Overstated by Rs 11000. Partner salary is a debit appropriation item. Omitting it makes remaining profit overstated by Rs 11000.
Step 3
Exam Tip
साझेदार वेतन डेबिट विनियोजन मद है। इसे छोड़ने से शेष लाभ रुपये 11000 अधिक दिखेगा।
Reserve is deducted from profit. Omitting it makes profit distributed among partners Rs 5000 higher.
Step 2
Why this answer is correct
The correct answer is A. रुपये 5000 अधिक / Rs 5000 higher. Reserve is deducted from profit. Omitting it makes profit distributed among partners Rs 5000 higher.
Step 3
Exam Tip
आरक्षित निधि लाभ से घटती है। इसे छोड़ने से साझेदारों में बाँटने वाला लाभ रुपये 5000 अधिक हो जाएगा।
Debiting a credit item gives double reverse effect. Therefore distributable profit is understated by Rs 4000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 4000 कम दिखेगा / Understated by Rs 4000. Debiting a credit item gives double reverse effect. Therefore distributable profit is understated by Rs 4000.
Step 3
Exam Tip
क्रेडिट मद को डेबिट करने से दोहरा उल्टा प्रभाव पड़ता है। इसलिए बाँटने योग्य लाभ रुपये 4000 कम दिखेगा।
Crediting a debit item creates a double difference. Therefore remaining profit is overstated by Rs 6000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 6000 अधिक दिखेगा / Overstated by Rs 6000. Crediting a debit item creates a double difference. Therefore remaining profit is overstated by Rs 6000.
Step 3
Exam Tip
डेबिट मद को क्रेडिट करने से दोहरा अंतर बनता है। इसलिए शेष लाभ रुपये 6000 अधिक दिखेगा।
Amount deposited back reduces drawings. Therefore net drawings are Rs 20000 minus Rs 5000 equal to Rs 15000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 15000 / Rs 15000. Amount deposited back reduces drawings. Therefore net drawings are Rs 20000 minus Rs 5000 equal to Rs 15000.
Step 3
Exam Tip
वापस जमा की गई राशि आहरण को घटाती है। इसलिए शुद्ध आहरण रुपये 20000 घटा रुपये 5000 बराबर रुपये 15000 है।
A. अ के आहरण के रूप में डेबिट/Debit as As drawings
Step 1
Concept
Personal income tax is not a firm expense. It is debited like As personal drawings.
Step 2
Why this answer is correct
The correct answer is A. अ के आहरण के रूप में डेबिट / Debit as As drawings. Personal income tax is not a firm expense. It is debited like As personal drawings.
Step 3
Exam Tip
निजी आयकर फर्म का खर्च नहीं है। इसे अ के व्यक्तिगत आहरण की तरह डेबिट किया जाएगा।
Machine becomes an asset of the firm and partners capital increases. Therefore partners capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार पूँजी खाता / Partners capital account. Machine becomes an asset of the firm and partners capital increases. Therefore partners capital account is credited.
Step 3
Exam Tip
मशीन फर्म की संपत्ति बनेगी और साझेदार की पूँजी बढ़ेगी। इसलिए साझेदार का पूँजी खाता क्रेडिट होगा।
A. चालू खाता गलत डेबिट होगा/Current account will be wrongly debited
Step 1
Concept
Return of capital should be debited to capital account. Treating it as drawings wrongly debits current account under fixed method.
Step 2
Why this answer is correct
The correct answer is A. चालू खाता गलत डेबिट होगा / Current account will be wrongly debited. Return of capital should be debited to capital account. Treating it as drawings wrongly debits current account under fixed method.
Step 3
Exam Tip
पूँजी वापसी पूँजी खाते में डेबिट होनी चाहिए। इसे आहरण मानने से स्थिर पद्धति में चालू खाता गलत डेबिट हो जाता है।
Profit share is credited and loss adjustment is debited. Net effect is Rs 24000 minus Rs 6000 equal to Rs 18000 credit.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 क्रेडिट / Rs 18000 credit. Profit share is credited and loss adjustment is debited. Net effect is Rs 24000 minus Rs 6000 equal to Rs 18000 credit.
Step 3
Exam Tip
लाभ हिस्सा क्रेडिट और हानि समायोजन डेबिट होता है। शुद्ध प्रभाव रुपये 24000 घटा रुपये 6000 बराबर रुपये 18000 क्रेडिट है।
A. विनियोजन डेबिट और साझेदार क्रेडिट/Appropriation debit and partner credit
Step 1
Concept
Partner bonus is an appropriation of profit. Therefore appropriation account is debited and partner account is credited.
Step 2
Why this answer is correct
The correct answer is A. विनियोजन डेबिट और साझेदार क्रेडिट / Appropriation debit and partner credit. Partner bonus is an appropriation of profit. Therefore appropriation account is debited and partner account is credited.
Step 3
Exam Tip
साझेदार बोनस लाभ का विनियोजन है। इसलिए विनियोजन खाते में डेबिट और साझेदार खाते में क्रेडिट होता है।
When the deed is silent the rule of equal profit sharing applies. Unequal capital does not create profit ratio.
Step 2
Why this answer is correct
The correct answer is A. बराबर / Equally. When the deed is silent the rule of equal profit sharing applies. Unequal capital does not create profit ratio.
Step 3
Exam Tip
विलेख मौन होने पर लाभ बराबर बाँटने का नियम लागू होता है। असमान पूँजी लाभ अनुपात नहीं बनाती।
Total ratio is six and Cs share is three parts. Half of the loss which is Rs 18000 will be borne by C.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 / Rs 18000. Total ratio is six and Cs share is three parts. Half of the loss which is Rs 18000 will be borne by C.
Step 3
Exam Tip
कुल अनुपात छह है और स का हिस्सा तीन भाग है। हानि का आधा यानी रुपये 18000 स पर आएगा।
A. शेष लाभ बढ़ाता है/It increases remaining profit
Step 1
Concept
Interest on drawings is a credit item for the firm. It increases distributable profit or reduces loss.
Step 2
Why this answer is correct
The correct answer is A. शेष लाभ बढ़ाता है / It increases remaining profit. Interest on drawings is a credit item for the firm. It increases distributable profit or reduces loss.
Step 3
Exam Tip
आहरण पर ब्याज फर्म के लिए क्रेडिट मद है। इससे बाँटने योग्य लाभ बढ़ता है या हानि घटती है।
Interest on capital is an appropriation of profit and a debit item. Therefore it reduces remaining distributable profit.
Step 2
Why this answer is correct
The correct answer is A. शेष लाभ घटाता है / It decreases remaining profit. Interest on capital is an appropriation of profit and a debit item. Therefore it reduces remaining distributable profit.
Step 3
Exam Tip
पूँजी पर ब्याज लाभ का विनियोजन है और डेबिट मद है। इसलिए यह शेष बाँटने योग्य लाभ को घटाता है।
Amount payable to a partner increases his claim against the firm. Therefore his account is credited.
Step 2
Why this answer is correct
The correct answer is A. क्रेडिट होगा / It will be credited. Amount payable to a partner increases his claim against the firm. Therefore his account is credited.
Step 3
Exam Tip
साझेदार को देय राशि उसका फर्म पर दावा बढ़ाती है। इसलिए उसके खाते में क्रेडिट किया जाता है।
A. हर समायोजन का सही पक्ष और दूसरा प्रभाव मिलाना/Match correct side and second effect of every adjustment
Step 1
Concept
Every adjustment has double effect. Matching correct debit credit and ratio of remaining profit reduces errors.
Step 2
Why this answer is correct
The correct answer is A. हर समायोजन का सही पक्ष और दूसरा प्रभाव मिलाना / Match correct side and second effect of every adjustment. Every adjustment has double effect. Matching correct debit credit and ratio of remaining profit reduces errors.
Step 3
Exam Tip
हर समायोजन का दोहरा प्रभाव होता है। सही डेबिट क्रेडिट और शेष लाभ का अनुपात मिलाने से गलती कम होती है।
