A. अ के खाते में रुपये 15000 क्रेडिट/Credit Rs 15000 to As account
Step 1
Concept
A paid a firm expense from personal funds so the firm owes him. As account will be credited.
Step 2
Why this answer is correct
The correct answer is A. अ के खाते में रुपये 15000 क्रेडिट / Credit Rs 15000 to As account. A paid a firm expense from personal funds so the firm owes him. As account will be credited.
Step 3
Exam Tip
फर्म का खर्च अ ने निजी धन से चुकाया है इसलिए फर्म अ की देनदार है। अ के खाते में क्रेडिट किया जाएगा।
A. ब के खाते में रुपये 12000 डेबिट/Debit Rs 12000 to Bs account
Step 1
Concept
Personal expense is treated as partners drawings. Therefore Bs account is debited by Rs 12000.
Step 2
Why this answer is correct
The correct answer is A. ब के खाते में रुपये 12000 डेबिट / Debit Rs 12000 to Bs account. Personal expense is treated as partners drawings. Therefore Bs account is debited by Rs 12000.
Step 3
Exam Tip
निजी खर्च साझेदार का आहरण माना जाता है। इसलिए ब के खाते में रुपये 12000 डेबिट होंगे।
Interest on capital is calculated by applying rate on capital. Twelve percent of Rs 90000 is Rs 10800.
Step 2
Why this answer is correct
The correct answer is A. रुपये 10800 / Rs 10800. Interest on capital is calculated by applying rate on capital. Twelve percent of Rs 90000 is Rs 10800.
Step 3
Exam Tip
पूँजी पर ब्याज पूँजी पर दर लगाकर निकाला जाता है। रुपये 90000 का बारह प्रतिशत रुपये 10800 है।
From end of September to end of March about five months are counted. Interest on Rs 24000 at twelve percent for five months is Rs 1200.
Step 2
Why this answer is correct
The correct answer is A. रुपये 1200 / Rs 1200. From end of September to end of March about five months are counted. Interest on Rs 24000 at twelve percent for five months is Rs 1200.
Step 3
Exam Tip
सितंबर के अंत से मार्च अंत तक लगभग पांच महीने माने जाते हैं। रुपये 24000 पर बारह प्रतिशत से पांच महीने का ब्याज रुपये 1200 है।
Under fixed capital method normal drawings are recorded in current account. This keeps capital account fixed.
Step 2
Why this answer is correct
The correct answer is A. साझेदार का चालू खाता / Partners current account. Under fixed capital method normal drawings are recorded in current account. This keeps capital account fixed.
Step 3
Exam Tip
स्थिर पूँजी में सामान्य आहरण चालू खाते में दर्ज होता है। इससे पूँजी खाता स्थिर रहता है।
Under fluctuating capital method all partner adjustments are recorded in capital account. Salary is payable to partner so capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार का पूँजी खाता / Partners capital account. Under fluctuating capital method all partner adjustments are recorded in capital account. Salary is payable to partner so capital account is credited.
Step 3
Exam Tip
चल पूँजी पद्धति में सभी साझेदार समायोजन पूँजी खाते में लिखे जाते हैं। वेतन साझेदार को देय है इसलिए पूँजी खाते में क्रेडिट होगा।
Drawings and interest on drawings are recoverable from the partner. Total debit is Rs 30000 plus Rs 2100 equal to Rs 32100.
Step 2
Why this answer is correct
The correct answer is A. रुपये 32100 / Rs 32100. Drawings and interest on drawings are recoverable from the partner. Total debit is Rs 30000 plus Rs 2100 equal to Rs 32100.
Step 3
Exam Tip
आहरण और आहरण पर ब्याज दोनों साझेदार से वसूली योग्य हैं। कुल डेबिट रुपये 30000 जोड़ रुपये 2100 बराबर रुपये 32100 है।
Partner bonus is allowed only when clearly provided in the deed. If deed is silent it is not deducted from profit.
Step 2
Why this answer is correct
The correct answer is A. बोनस नहीं दिया जाएगा / Bonus will not be allowed. Partner bonus is allowed only when clearly provided in the deed. If deed is silent it is not deducted from profit.
Step 3
Exam Tip
साझेदार बोनस तभी दिया जाता है जब विलेख में स्पष्ट प्रावधान हो। मौन विलेख में इसे लाभ से नहीं घटाते।
Interest on capital is generally an appropriation of profit. It is not allowed beyond available profit.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 / Rs 18000. Interest on capital is generally an appropriation of profit. It is not allowed beyond available profit.
Step 3
Exam Tip
पूँजी पर ब्याज सामान्यतः लाभ का विनियोजन है। उपलब्ध लाभ से अधिक ब्याज नहीं दिया जाता।
Interest on drawings is added and salary is deducted. Rs 130000 plus Rs 6000 minus Rs 36000 equals Rs 100000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 100000 / Rs 100000. Interest on drawings is added and salary is deducted. Rs 130000 plus Rs 6000 minus Rs 36000 equals Rs 100000.
Step 3
Exam Tip
आहरण पर ब्याज जोड़ा जाता है और वेतन घटाया जाता है। रुपये 130000 जोड़ रुपये 6000 घटा रुपये 36000 बराबर रुपये 100000 है।
Interest on capital and reserve are both deducted from profit. Rs 150000 minus Rs 60000 equals Rs 90000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 90000 / Rs 90000. Interest on capital and reserve are both deducted from profit. Rs 150000 minus Rs 60000 equals Rs 90000.
Step 3
Exam Tip
पूँजी पर ब्याज और आरक्षित निधि दोनों लाभ से घटते हैं। रुपये 150000 घटा रुपये 60000 बराबर रुपये 90000 है।
A. अ के खाते में आहरण के रूप में डेबिट/Debit As account as drawings
Step 1
Concept
Taking 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 goods for personal use is drawings. Therefore As account is debited.
Step 3
Exam Tip
निजी उपयोग के लिए माल लेना आहरण है। इसलिए अ के खाते को डेबिट किया जाता है।
A. ब के खाते में रुपये 11000 क्रेडिट/Credit Rs 11000 to Bs account
Step 1
Concept
B paid the expense of firms machine. 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 11000 क्रेडिट / Credit Rs 11000 to Bs account. B paid the expense of firms machine. Therefore the firm owes B and Bs account is credited.
Step 3
Exam Tip
फर्म की मशीन का खर्च ब ने चुकाया है। इसलिए फर्म ब की देनदार है और ब का खाता क्रेडिट होगा।
Deficiency is the difference between minimum profit and normal share. Rs 42000 minus Rs 35000 equals Rs 7000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 7000 / Rs 7000. Deficiency is the difference between minimum profit and normal share. Rs 42000 minus Rs 35000 equals Rs 7000.
Step 3
Exam Tip
गारंटी की कमी न्यूनतम लाभ और सामान्य हिस्से का अंतर होती है। रुपये 42000 घटा रुपये 35000 बराबर रुपये 7000 है।
A. शुद्ध लाभ से रुपये 9000 घटाएँ/Deduct Rs 9000 from net profit
Step 1
Concept
Interest on partner loan is an expense before profit. Therefore it should be deducted from net profit.
Step 2
Why this answer is correct
The correct answer is A. शुद्ध लाभ से रुपये 9000 घटाएँ / Deduct Rs 9000 from net profit. Interest on partner loan is an expense before profit. Therefore it should be deducted from net profit.
Step 3
Exam Tip
साझेदार ऋण पर ब्याज लाभ से पहले का खर्च है। इसलिए इसे शुद्ध लाभ से घटाया जाना चाहिए।
A. विनियोजन को खर्च मान लिया गया/Appropriation was treated as expense
Step 1
Concept
Interest on capital is generally appropriation of profit. Treating it as expense wrongly reduces net profit.
Step 2
Why this answer is correct
The correct answer is A. विनियोजन को खर्च मान लिया गया / Appropriation was treated as expense. Interest on capital is generally appropriation of profit. Treating it as expense wrongly reduces net profit.
Step 3
Exam Tip
पूँजी पर ब्याज सामान्यतः लाभ का विनियोजन है। इसे खर्च मानने से शुद्ध लाभ गलत कम हो जाता है।
Average period for monthly middle drawings is six months. Interest on Rs 48000 at nine percent for six months is Rs 2160.
Step 2
Why this answer is correct
The correct answer is A. रुपये 2160 / Rs 2160. Average period for monthly middle drawings is six months. Interest on Rs 48000 at nine percent for six months is Rs 2160.
Step 3
Exam Tip
मासिक मध्य आहरण की औसत अवधि छह महीने होती है। कुल आहरण रुपये 48000 पर नौ प्रतिशत से छह महीने का ब्याज रुपये 2160 है।
For quarterly drawings at the beginning average period is seven and half months. Interest on Rs 24000 at eight percent is Rs 1200.
Step 2
Why this answer is correct
The correct answer is A. रुपये 1200 / Rs 1200. For quarterly drawings at the beginning average period is seven and half months. Interest on Rs 24000 at eight percent is Rs 1200.
Step 3
Exam Tip
त्रैमासिक शुरुआत में औसत अवधि साढ़े सात महीने होती है। कुल आहरण रुपये 24000 पर आठ प्रतिशत से ब्याज रुपये 1200 है।
Interest is on Rs 60000 for full year and Rs 30000 for nine months. Total interest is Rs 6000 plus Rs 2250 equal to Rs 8250.
Step 2
Why this answer is correct
The correct answer is A. रुपये 8250 / Rs 8250. Interest is on Rs 60000 for full year and Rs 30000 for nine months. Total interest is Rs 6000 plus Rs 2250 equal to Rs 8250.
Step 3
Exam Tip
रुपये 60000 पर पूरे वर्ष और रुपये 30000 पर नौ महीने का ब्याज लगेगा। कुल ब्याज रुपये 6000 जोड़ रुपये 2250 बराबर रुपये 8250 है।
Interest is on Rs 100000 for nine months and Rs 60000 for three months. Total is Rs 9000 plus Rs 1800 equal to Rs 10800.
Step 2
Why this answer is correct
The correct answer is A. रुपये 10800 / Rs 10800. Interest is on Rs 100000 for nine months and Rs 60000 for three months. Total is Rs 9000 plus Rs 1800 equal to Rs 10800.
Step 3
Exam Tip
रुपये 100000 पर नौ महीने और रुपये 60000 पर तीन महीने ब्याज लगेगा। कुल ब्याज रुपये 9000 जोड़ रुपये 1800 बराबर रुपये 10800 है।
Total credit is Rs 15000 and debit interest on drawings is Rs 2500. Difference is Rs 12500 credit.
Step 2
Why this answer is correct
The correct answer is A. रुपये 12500 क्रेडिट / Rs 12500 credit. Total credit is Rs 15000 and debit interest on drawings is Rs 2500. Difference is Rs 12500 credit.
Step 3
Exam Tip
कुल क्रेडिट रुपये 15000 है और डेबिट आहरण ब्याज रुपये 2500 है। अंतर रुपये 12500 क्रेडिट है।
Profit and salary are added and drawings are deducted. Rs 110000 plus Rs 42000 minus Rs 26000 equals Rs 126000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 126000 / Rs 126000. Profit and salary are added and drawings are deducted. Rs 110000 plus Rs 42000 minus Rs 26000 equals Rs 126000.
Step 3
Exam Tip
लाभ और वेतन जोड़े जाते हैं तथा आहरण घटता है। रुपये 110000 जोड़ रुपये 42000 घटा रुपये 26000 बराबर रुपये 126000 है।
Profit share should have been credited but was debited. The difference between correct and wrong balance is double which is Rs 32000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 32000 कम दिखेगी / Understated by Rs 32000. Profit share should have been credited but was debited. The difference between correct and wrong balance is double which is Rs 32000.
Step 3
Exam Tip
लाभ हिस्सा क्रेडिट होना चाहिए था पर डेबिट किया गया। सही और गलत शेष में दो गुना यानी रुपये 32000 का अंतर होगा।
Crediting instead of correct debit creates a double difference. Partners balance is overstated by Rs 3000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 3000 अधिक दिखेगा / Overstated by Rs 3000. Crediting instead of correct debit creates a double difference. Partners balance is overstated by Rs 3000.
Step 3
Exam Tip
सही डेबिट की जगह क्रेडिट करने से दोहरा अंतर बनता है। साझेदार का शेष रुपये 3000 अधिक दिखेगा।
Interest on capital is a credit item payable to partner. Omitting it makes partners balance understated by Rs 12000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 12000 कम दिखेगा / Understated by Rs 12000. Interest on capital is a credit item payable to partner. Omitting it makes partners balance understated by Rs 12000.
Step 3
Exam Tip
पूँजी पर ब्याज साझेदार को देय क्रेडिट मद है। इसे छोड़ने से साझेदार का शेष रुपये 12000 कम दिखेगा।
Partner commission is a debit appropriation item. Omitting it makes remaining profit appear higher.
Step 2
Why this answer is correct
The correct answer is A. रुपये 9000 अधिक दिखेगा / Overstated by Rs 9000. Partner commission is a debit appropriation item. Omitting it makes remaining profit appear higher.
Step 3
Exam Tip
साझेदार कमीशन डेबिट विनियोजन मद है। इसे छोड़ने से शेष लाभ अधिक दिखता है।
Reserve should have been deducted from profit. Omitting it makes profit distributed to partners Rs 12000 higher.
Step 2
Why this answer is correct
The correct answer is A. रुपये 12000 अधिक / Rs 12000 higher. Reserve should have been deducted from profit. Omitting it makes profit distributed to partners Rs 12000 higher.
Step 3
Exam Tip
आरक्षित निधि लाभ से घटनी चाहिए थी। उसे छोड़ने से साझेदारों में बाँटा गया लाभ रुपये 12000 अधिक होगा।
Debiting a credit item gives double reverse effect. Therefore distributable profit is understated by Rs 10000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 10000 कम दिखेगा / Understated by Rs 10000. Debiting a credit item gives double reverse effect. Therefore distributable profit is understated by Rs 10000.
Step 3
Exam Tip
क्रेडिट मद को डेबिट करने से दोहरा उल्टा प्रभाव पड़ता है। इसलिए बाँटने योग्य लाभ रुपये 10000 कम दिखेगा।
Crediting a debit item creates a double difference. Therefore remaining profit is overstated by Rs 16000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 16000 अधिक दिखेगा / Overstated by Rs 16000. Crediting a debit item creates a double difference. Therefore remaining profit is overstated by Rs 16000.
Step 3
Exam Tip
डेबिट मद को क्रेडिट करने से दोहरा अंतर बनता है। इसलिए शेष लाभ रुपये 16000 अधिक दिखेगा।
A. अ के आहरण के रूप में डेबिट/Debit as As drawings
Step 1
Concept
Repair of personal car is not a firm expense. It is treated as 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. Repair of personal car is not a firm expense. It is treated as As personal drawings.
Step 3
Exam Tip
निजी कार की मरम्मत फर्म का खर्च नहीं है। यह अ का निजी आहरण माना जाएगा।
Vehicle 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. Vehicle becomes an asset of the firm and partners capital increases. Therefore partners capital account is credited.
Step 3
Exam Tip
वाहन फर्म की संपत्ति बनेगा और साझेदार की पूँजी बढ़ेगी। इसलिए साझेदार पूँजी खाता क्रेडिट होगा।
Additional capital directly increases capital account. Even under fixed method capital introduced is credited to capital account.
Step 2
Why this answer is correct
The correct answer is A. साझेदार पूँजी खाता / Partners capital account. Additional capital directly increases capital account. Even under fixed method capital introduced is credited to capital account.
Step 3
Exam Tip
अतिरिक्त पूँजी सीधे पूँजी खाते को बढ़ाती है। स्थिर पद्धति में भी पूँजी लाने पर पूँजी खाता क्रेडिट होता है।
Profit share is credited and interest on drawings is debited. Net effect is Rs 35000 minus Rs 4500 equal to Rs 30500 credit.
Step 2
Why this answer is correct
The correct answer is A. रुपये 30500 क्रेडिट / Rs 30500 credit. Profit share is credited and interest on drawings is debited. Net effect is Rs 35000 minus Rs 4500 equal to Rs 30500 credit.
Step 3
Exam Tip
लाभ हिस्सा क्रेडिट और आहरण पर ब्याज डेबिट होता है। शुद्ध प्रभाव रुपये 35000 घटा रुपये 4500 बराबर रुपये 30500 क्रेडिट है।
A. विनियोजन डेबिट और साझेदार क्रेडिट/Appropriation debit and partner credit
Step 1
Concept
Allowance payable to partner 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. Allowance payable to partner is an appropriation of profit. Therefore appropriation account is debited and partner account is credited.
Step 3
Exam Tip
साझेदार को देय भत्ता लाभ का विनियोजन है। इसलिए विनियोजन खाते में डेबिट और साझेदार खाते में क्रेडिट होगा।
Partner salary is an appropriation of profit and a debit item. Therefore remaining profit decreases.
Step 2
Why this answer is correct
The correct answer is A. शेष लाभ घटता है / Remaining profit decreases. Partner salary is an appropriation of profit and a debit item. Therefore remaining profit decreases.
Step 3
Exam Tip
साझेदार वेतन लाभ का विनियोजन है और डेबिट मद है। इसलिए शेष लाभ घटता है।
A. बाँटने योग्य लाभ घटता है/Distributable profit decreases
Step 1
Concept
Reserve is set aside out of profit. Therefore profit distributable among partners decreases.
Step 2
Why this answer is correct
The correct answer is A. बाँटने योग्य लाभ घटता है / Distributable profit decreases. Reserve is set aside out of profit. Therefore profit distributable among partners decreases.
Step 3
Exam Tip
आरक्षित निधि लाभ में से अलग रखी जाती है। इसलिए साझेदारों में बाँटने योग्य लाभ कम हो जाता है।
A. डेबिट क्रेडिट पक्ष और दूसरा प्रभाव न मिलाना/Not matching debit credit side and second effect
Step 1
Concept
Correct side and second effect of every adjustment are necessary. Matching them catches most exam mistakes.
Step 2
Why this answer is correct
The correct answer is A. डेबिट क्रेडिट पक्ष और दूसरा प्रभाव न मिलाना / Not matching debit credit side and second effect. Correct side and second effect of every adjustment are necessary. Matching them catches most exam mistakes.
Step 3
Exam Tip
हर समायोजन का सही पक्ष और दूसरा प्रभाव जरूरी है। इन्हें मिलाने से अधिकांश परीक्षा गलतियाँ पकड़ी जाती हैं।
