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Class 12 · Accountancy
→If the firm pays a partner’s personal expense but records it as a Profit and Loss expense, what effect on the partner’s capital or current account has been omitted?
Class 12 · Accountancy
→If the capital account has a credit balance and the current account has a debit balance, what is the correct analysis of the firm’s financial position?
Class 12 · Accountancy
→A and B have capitals of Rs 1,10,000 and Rs 70,000 respectively. The firm wants equal capitals while keeping total capital unchanged. Which adjustment is correct?
Class 12 · Accountancy
→If partner A accidentally deposits personal borrowing into the firm's bank account and it is treated as capital, what is the correction?
Class 12 · Accountancy
→If interest on drawings of Rs 2,500 is not recorded in a partner's account, how will the capital or current balance appear?
Class 12 · Accountancy
→If interest on capital of Rs 6,000 is debited to a partner's account instead of being credited, what is the wrong effect on the capital balance?
Class 12 · Accountancy
→If a share of profit is credited and a share of loss is debited in a partner's account, what is the basic reason?
Class 12 · Accountancy
→Under the fluctuating capital method, drawings of Rs 20,000 were wrongly credited to the capital account. What is the total wrong effect on the capital balance?
Class 12 · Accountancy
→Under the fluctuating capital method, a revaluation loss is shared by A and B in the ratio 3:2. The total loss is Rs 25,000. How much will be debited to A's capital account?
Class 12 · Accountancy
→If regular drawings are treated as permanent capital withdrawal under the fixed capital method, what type of error occurs?
Class 12 · Accountancy
→Under the fluctuating capital method, goodwill adjustment requires crediting A by Rs 12,000 and debiting B by Rs 8,000. Whose capital balance will increase?
Class 12 · Accountancy
→Capitals of three partners are to be kept in the ratio 2:2:1. Total capital is Rs 1,25,000. What will be the third partner's capital?
Class 12 · Accountancy
→A and B capitals should be in the ratio 2:3. Total capital is Rs 2,50,000. What is B's target capital?
Class 12 · Accountancy
→Under the fluctuating capital method, if a partner's share of profit is not credited but drawings are correctly debited, what will be the effect on the closing capital?
Class 12 · Accountancy
→If A's capital account has a closing balance of Rs 64,000 as a credit (not a debit), what does this indicate?
Class 12 · Accountancy
→If A's capital is Rs 1,20,000 and B's capital is Rs 90,000, how much can A withdraw to make the capitals equal?
Class 12 · Accountancy
→If the partners’ capitals are to be made equal, and A has Rs 90,000 while B has Rs 70,000, how much additional capital should B bring?
Class 12 · Accountancy
→If A’s opening current-account balance is a credit of Rs 2,000, salary is Rs 5,000, and drawings are Rs 9,000, what will be the closing balance?
Class 12 · Accountancy
→If A made drawings of Rs 10,000 and returned Rs 3,000 in the same year, what will be the net drawings?
Class 12 · Accountancy
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