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Class 12 · Accountancy · Medium
→Under fixed capital method B capital is fifty thousand rupees and current account has debit balance of six thousand rupees. How can the net presentation be understood?
Class 12 · Accountancy · Medium
→Under the fixed-capital method, A’s capital is ₹30,000 and the current account has a credit balance of ₹5,000. What is the total liability related to A in the balance sheet?
Class 12 · Accountancy · Medium
→A and B capitals are in the ratio four to three. B capital is forty two thousand rupees. What will be A capital?
Class 12 · Accountancy · Medium
→A and B's capitals are to be maintained in the ratio 3:2. If the total capital is Rs. 1,00,000, what is A's capital?
Class 12 · Accountancy · Medium
→If B’s current account has a credit balance of ₹12,000, how will it be shown in the balance sheet?
Class 12 · Accountancy · Medium
→If A current account shows a debit balance of ten thousand rupees at year end what is the correct meaning?
Class 12 · Accountancy · Medium
→If drawings are wrongly debited to capital account under fixed capital method what will be the effect?
Class 12 · Accountancy · Medium
→If salary profit drawings and interest are all shown in partners capital accounts which method is being used?
Class 12 · Accountancy · Medium
→Under fixed capital method in which account is share of profit recorded and why?
Class 12 · Accountancy · Medium
→Under fluctuating capital method B capital is forty thousand rupees share of loss is four thousand rupees and interest on capital is two thousand rupees. What will be closing capital?
Class 12 · Accountancy · Medium
→Under fluctuating capital method A opening capital is fifty thousand rupees profit share is eight thousand rupees and drawings are six thousand rupees. What is closing capital?
Class 12 · Accountancy · Medium
→Under fixed capital method A capital is eighty thousand rupees and he withdrew five thousand rupees as capital. What will be the closing capital?
Class 12 · Accountancy · Medium
→Under fixed capital method A opening capital is sixty thousand rupees and he introduced additional capital of ten thousand rupees during the year. What will be closing capital?
Class 12 · Accountancy · Easy
→Under fixed capital method, if a partners share of profit is to be recorded, which account will be credited?
Class 12 · Accountancy · Easy
→What is the main purpose of capital accounts?
Class 12 · Accountancy · Easy
→If the opening capital is Rs 25,000 and drawings are Rs 4,000, what is the remaining capital when there are no other adjustments?
Class 12 · Accountancy · Easy
→If a partner's opening capital balance is Rs 30,000 and his share of profit of Rs 5,000 is credited to capital with no drawings, what will be the new capital balance?
Class 12 · Accountancy · Easy
→In which account does interest on drawings appear as income of the firm?
Class 12 · Accountancy · Easy
→From which account is interest on capital transferred to capital or current account?
Class 12 · Accountancy · Easy
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