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Class 12 · Accountancy
→The capital account of a partner is classified as which type of account?
Class 12 · Accountancy
→What is the balance obtained after closing a partner’s Capital Account called?
Class 12 · Accountancy
→If a partner's share of loss is wrongly credited instead of debited, what error will result?
Class 12 · Accountancy
→If a partner's share of profit is debited instead of being credited, what error will occur?
Class 12 · Accountancy
→If drawings are wrongly recorded on the credit side what will be the effect on capital?
Class 12 · Accountancy
→If opening capital is omitted while preparing the capital account, what error will occur?
Class 12 · Accountancy
→Under the fixed capital method, to which account is interest on drawings debited?
Class 12 · Accountancy
→Under fluctuating capital method interest on drawings is debited to which account?
Class 12 · Accountancy
→Under fixed capital method interest on capital is credited to which account?
Class 12 · Accountancy
→Under fluctuating capital method interest on capital is credited to which account?
Class 12 · Accountancy
→Under fixed capital method share of loss is debited to which account?
Class 12 · Accountancy
→Under the fixed capital method, to which account is a partner’s share of profit credited?
Class 12 · Accountancy
→At the end of the year, to which account is a partner’s Drawings Account generally closed?
Class 12 · Accountancy
→Capitals of A and B are in the ratio 3:2. If A's capital is thirty thousand rupees, what is B's capital?
Class 12 · Accountancy
→Two partners have equal capitals. If A's capital is ₹20,000, what will B's capital be?
Class 12 · Accountancy
→What is the simple meaning of a credit balance in a partner's current account?
Class 12 · Accountancy
→What is the simple meaning of a debit balance in a partner’s Current Account?
Class 12 · Accountancy
→If capital account closes with credit balance on which side is it shown in balance sheet?
Class 12 · Accountancy
→Which item is recorded on the debit side of a partner's capital account?
Class 12 · Accountancy
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