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Class 12 · Accountancy · Easy
→A partner's capital account has a credit balance of ₹20,000 and the realisation loss is ₹5,000. What balance remains?
Class 12 · Accountancy · Easy
→If no ratio is given among three partners and the realisation profit is ₹15,000, how much will each partner receive?
Class 12 · Accountancy · Easy
→If the profit-sharing ratio is not given, how are profit or loss generally shared among the partners?
Class 12 · Accountancy · Easy
→A partner's capital account has a credit balance of ₹30,000, and the partner owes a loan of ₹5,000 to the firm. What is the net payment to the partner?
Class 12 · Accountancy · Easy
→If the loan payable to a partner is ₹20,000, in which account will it be shown?
Class 12 · Accountancy · Easy
→A partner takes over stock valued at ₹8,000 and also pays ₹2,000 cash to the firm. What is the net effect in his capital account?
Class 12 · Accountancy · Easy
→If a partner takes over outstanding expenses of ₹6,000, what will be recorded in his capital account?
Class 12 · Accountancy · Easy
→K and Kh share profits and losses in the ratio 5:3. If the realisation profit is ₹32,000, how much will Kh receive?
Class 12 · Accountancy · Easy
→On dissolution of a partnership firm, what does a debit balance in a partner's capital account indicate?
Class 12 · Accountancy · Easy
→On dissolution of a partnership firm, what does a credit balance in a partner's capital account indicate?
Class 12 · Accountancy · Medium
→In which situation does a partner’s Capital Account show a credit balance?
Class 12 · Accountancy · Medium
→How is the debit balance of the Profit and Loss Account distributed on dissolution?
Class 12 · Accountancy · Medium
→If A takes over machinery worth ₹18,000, what is the effect on A’s Capital Account?
Class 12 · Accountancy · Medium
→If A’s Capital Account has a credit balance of ₹60,000 and A’s share of realisation loss is ₹15,000, what is the final amount payable to A?
Class 12 · Accountancy · Medium
→Payment of a partner’s loan on dissolution is generally recorded through which account?
Class 12 · Accountancy · Easy
→If a partner’s Capital Account has a credit balance of ₹40,000 and the partner takes over an asset worth ₹5,000, what will be the balance before payment?
Class 12 · Accountancy · Easy
→If a partner’s Capital Account already shows a debit balance, what does it indicate on dissolution?
Class 12 · Accountancy · Easy
→If a partner takes over a liability of ₹9,000 and also takes goods worth ₹3,000, what is the net effect on the partner’s Capital Account?
Class 12 · Accountancy · Easy
→If a partner takes over stock worth ₹10,000 and also pays ₹2,000 in cash to the firm, what is the net effect on the partner’s Capital Account?
Class 12 · Accountancy · Easy
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