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Class 12 · Accountancy
→Why do total debits and total credits remain equal when profit is redistributed among partners?
Class 12 · Accountancy
→If omitted income or expense changes total profit what effect may it have on total capital?
Class 12 · Accountancy
→If an adjustment is only redistribution of profit among partners what is the effect on total capital of firm?
Class 12 · Accountancy
→If partnership deed gives both old ratio and new ratio for adjustment which is used when?
Class 12 · Accountancy
→If a profit-decreasing adjustment of ₹15,000 is to be shared by A and B in the ratio 4:1, how much will be debited to A's account?
Class 12 · Accountancy
→If a profit-increasing adjustment of ₹12,000 is to be shared between A and B in the ratio 3:1, what is B's share?
Class 12 · Accountancy
→If profit was overstated and correction decreases profit what happens in partners accounts?
Class 12 · Accountancy
→If profit was understated and correction increases profit what happens in partners accounts?
Class 12 · Accountancy
→If income was recorded twice and amount is eight thousand rupees how much will profit decrease in adjustment?
Class 12 · Accountancy
→If expense was recorded twice and amount is six thousand rupees how much will profit increase in adjustment?
Class 12 · Accountancy
→If an income was recorded twice by mistake, what is the effect on profit?
Class 12 · Accountancy
→If an expense is mistakenly recorded twice, what will be the effect on profit?
Class 12 · Accountancy
→If omitted expense is twelve thousand rupees and A B C share profits equally how much will each be debited?
Class 12 · Accountancy
→If omitted income is nine thousand rupees and A B C share profits equally how much will each be credited?
Class 12 · Accountancy
→If B has net debit effect in adjustment table where will B appear in final entry?
Class 12 · Accountancy
→If A has net credit effect in adjustment table where will A appear in final entry?
Class 12 · Accountancy
→What is the advantage of working out the net debit and credit effect in an adjustment question?
Class 12 · Accountancy
→If A was to be debited by two thousand rupees but was credited how much is the correcting effect?
Class 12 · Accountancy
→If A was to be credited by two thousand rupees but was debited how much is the correcting effect?
Class 12 · Accountancy
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