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Class 12 · Accountancy
→In a goodwill adjustment, if partner B sacrifices his share, what is the effect on B's account?
Class 12 · Accountancy
→In a partnership goodwill adjustment, if A was entitled to receive a share of goodwill but did not actually receive the amount, what entry will be made in A's capital account?
Class 12 · Accountancy
→If reserve was created excess by five thousand rupees and profit was shared equally how much will each of two partners be credited?
Class 12 · Accountancy
→If in a year an excess reserve was created, how would the partners' distributable profit for that year be affected?
Class 12 · Accountancy
→If reserve of ten thousand rupees was omitted and A B share profit in two to three ratio how much will be debited to B?
Class 12 · Accountancy
→If the creation of a reserve was omitted, how would the profit have been distributed earlier?
Class 12 · Accountancy
→If interest on capital is omitted under fluctuating method which account of the concerned partner is credited?
Class 12 · Accountancy
→If interest on drawings is omitted under fixed capital method which account of concerned partner is debited?
Class 12 · Accountancy
→If the fluctuating capital method is followed, in which account will an omitted drawing be recorded?
Class 12 · Accountancy
→If fixed capital method is followed where will omitted partner salary go?
Class 12 · Accountancy
→If B's correct share was ₹11,000 but he was paid only ₹8,000, what will be the effect on B's account?
Class 12 · Accountancy
→If A's correct share was ₹7,000 but he received ₹9,000, what will be the effect on A's account?
Class 12 · Accountancy
→If A and B should receive Rs 12,000 and Rs 8,000 respectively but both received Rs 10,000, what is the final adjustment?
Class 12 · Accountancy
→If profit was distributed in wrong ratio and now only difference entry is to be passed what is it called?
Class 12 · Accountancy
→If B interest on capital of six thousand rupees was omitted and A B share profits equally what is net effect on B?
Class 12 · Accountancy
→If A interest on drawings of four thousand rupees was omitted and A B share profits equally what is net effect on A?
Class 12 · Accountancy
→If interest on capital of five thousand rupees was omitted and A B share profits equally why does the concerned partner not get full benefit?
Class 12 · Accountancy
→If the profit‑sharing ratio between A and B is 4 : 1 and there is a profit‑decreasing adjustment of Rs. 10,000, how much will be debited to A?
Class 12 · Accountancy
→If A and B share profits in the ratio 2:3 and a profit-increasing adjustment amounts to ₹15,000, how much will be credited to B's account?
Class 12 · Accountancy
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