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Class 12 · Accountancy
→If A’s capital account shows a debit balance, how is it generally understood in examinations?
Class 12 · Accountancy
→A gave a loan of Rs 30,000 to the firm. Why should it be shown separately instead of being merged with the capital account?
Class 12 · Accountancy
→Under the fixed capital method, which item is recorded in the current account and not in the capital account?
Class 12 · Accountancy
→If A and B have capitals of Rs 50,000 and Rs 75,000 respectively and the interest rate is 8%, how much interest on capital will B receive?
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 A’s drawings are Rs 10,000 and interest on drawings is Rs 1,000, what will be the total debit in A’s account?
Class 12 · Accountancy
→If B’s salary is Rs 12,000 and commission is Rs 3,000, what will be the total credit in B’s current account?
Class 12 · Accountancy
→B's capital account shows Rs 55000 credit and his current account shows Rs 8000 credit. What is B's total credit position?
Class 12 · Accountancy
→Under the fluctuating capital method, which item is not recorded on the credit side of a partner’s capital account?
Class 12 · Accountancy
→Under the fixed-capital method, B’s current account shows a credit balance of ₹7,500. What does it mean?
Class 12 · Accountancy
→A invested ₹1,00,000 as capital. During the year, he received ₹6,000 interest on capital and had a share of loss of ₹12,000. Under the fluctuating-capital method, what will be his capital if there are no drawings?
Class 12 · Accountancy
→What is the basis for showing partners’ capital on the liabilities side of the balance sheet?
Class 12 · Accountancy
→A and B must maintain equal capital balances. A's capital is ₹52,000 and B's capital is ₹60,000. How much should B withdraw to make both capitals equal?
Class 12 · Accountancy
→If the firm pays a partner’s personal loan under the fixed-capital method, which account will be debited?
Class 12 · Accountancy
→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
→If B’s current account has a credit balance of ₹12,000, how will it be shown in the balance sheet?
Class 12 · Accountancy
→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
→If a partner takes the firm’s goods for personal use, what will it be treated as?
Class 12 · Accountancy
→If a partner gives goods to the firm as capital, what is the effect on the capital account?
Class 12 · Accountancy
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