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Class 12 · Accountancy
→If As closing capital is Rs 88000 opening capital is Rs 80000 and additional capital is Rs 15000 what was capital withdrawn if there is no other item?
Class 12 · Accountancy
→If drawings are Rs 12000 and loss share is Rs 5000 what will be total debit in capital account under fluctuating method?
Class 12 · Accountancy
→If interest on capital is Rs 7000 and partner salary is Rs 11000 what will be total credit in current account under fixed method?
Class 12 · Accountancy
→Under fixed capital method As capital account is Rs 75000 credit and current account is Rs 6000 debit. What will be the net claim?
Class 12 · Accountancy
→Under the fixed capital method, partner A's capital account shows a balance of Rs 100,000 and the current account shows a Rs 15,000 credit balance. What is A's total position?
Class 12 · Accountancy
→Under fluctuating capital method As opening capital is Rs 70000. Loss share is Rs 6000 and drawings are Rs 9000. What will be closing capital?
Class 12 · Accountancy
→If a partner withdraws firm’s goods worth Rs 4,500 for personal use, what is the correct accounting treatment?
Class 12 · Accountancy
→A paid firms liability of Rs 14000 from his personal bank account. What will happen in As capital or current account?
Class 12 · Accountancy
→If Bs current account starts with Rs 3000 debit and he receives interest on capital of Rs 8000 what will be the closing balance?
Class 12 · Accountancy
→If As current account starts with Rs 5000 credit and drawings during the year are Rs 9000 what will be the closing balance if there is no other item?
Class 12 · Accountancy
→Under fixed capital method in which account will interest on capital and interest on drawings be recorded?
Class 12 · Accountancy
→Under fluctuating capital method As capital is Rs 85000. During the year salary is Rs 12000 profit share is Rs 18000 and drawings are Rs 10000. What will be closing capital?
Class 12 · Accountancy
→A and B have fixed capitals of Rs 90000 and Rs 60000 respectively. If B brings additional capital of Rs 15000 what will be Bs new fixed capital?
Class 12 · Accountancy
→In exam questions what information should be identified first from capital accounts?
Class 12 · Accountancy
→If partners capital accounts are to be made equal and As capital is Rs 20000 more than Bs what can be a common solution?
Class 12 · Accountancy
→If profit is to be distributed only after allowing interest on capital which credit item will first appear in partners account?
Class 12 · Accountancy
→If A withdrew Rs 15,000 from the firm and later deposited Rs 5,000 back, what will be the net drawings?
Class 12 · Accountancy
→If the firm returns capital to a partner through bank which account will be debited?
Class 12 · Accountancy
→If a partner contributes capital through bank instead of cash what difference will it make in capital account?
Class 12 · Accountancy
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