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Class 12 · Accountancy
→Under fixed capital method where will the second effect of interest on capital be recorded?
Class 12 · Accountancy
→B withdrew Rs 18000 at the end of the year. What will generally be interest on drawings for the same year?
Class 12 · Accountancy
→B withdrew Rs 18000 at the beginning of the year and rate is ten percent. What is interest on drawings?
Class 12 · Accountancy
→A partner’s capital is Rs 120,000 and interest on capital is 8%. What will be the adjustment amount?
Class 12 · Accountancy
→The firm paid partner B's personal mobile bill of Rs 3,600. What adjustment should be made in B's account?
Class 12 · Accountancy
→If A paid rent of Rs 12500 for the firm from personal cash what adjustment will be made in As account?
Class 12 · Accountancy
→What is the simple rule to check final answer in adjustment questions?
Class 12 · Accountancy
→If adjustment table shows A net debit three thousand and B net credit three thousand what will be final entry?
Class 12 · Accountancy
→If A was to be credited but was debited what type of correction effect is needed?
Class 12 · Accountancy
→If A was to be debited but was credited what type of correction effect is needed?
Class 12 · Accountancy
→If A was supposed to be credited but no entry was passed, what correction should be made?
Class 12 · Accountancy
→If a transaction required A to be debited but that entry was completely omitted, what correction should be made regarding A?
Class 12 · Accountancy
→If A brought goods into the firm as additional capital and this entry was not recorded in the books, what will be the effect on A’s account?
Class 12 · Accountancy
→If partner A withdrew goods from the firm for personal use and the transaction was not recorded in the books, what accounting effect will result?
Class 12 · Accountancy
→If interest on a partner's loan was omitted from the books, what would be the effect on net profit?
Class 12 · Accountancy
→If A gave a loan to the firm and interest on that loan was omitted from the books, which account should be credited?
Class 12 · Accountancy
→If an expense for a year was omitted (not recorded) and that expense reduces the total profit, in what ratio will the partners' accounts be debited for the loss arising from that omitted expense?
Class 12 · Accountancy
→If omitted income changes total profit why is it not only redistribution?
Class 12 · Accountancy
→If total profit does not change and only the partners’ shares change, what can this be called?
Class 12 · Accountancy
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