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Class 12 · Accountancy
→If share of profit was wrongly distributed in old ratio how will it be corrected?
Class 12 · Accountancy
→If A's drawings were wrongly debited to B's account, what is the correct rectification entry?
Class 12 · Accountancy
→If A salary was wrongly credited to B account what is the correct correction?
Class 12 · Accountancy
→If interest on a partner’s loan of Rs 2,000 was omitted, how would net profit appear?
Class 12 · Accountancy
→If interest on loan given by partner to firm was omitted what type of item is it?
Class 12 · Accountancy
→If rent payable to a partner was omitted by mistake, what action should be taken on the concerned partner's account?
Class 12 · Accountancy
→If A paid firms electricity expense of Rs 9000 from personal bank and this adjustment was omitted what is the correct correction in As account?
Class 12 · Accountancy
→Which statement is most correct for final checking after adjustments?
Class 12 · Accountancy
→In an adjustment based question what should be identified first?
Class 12 · Accountancy
→If an adjustment is recorded on the wrong side what is generally the difference between correct and wrong effect?
Class 12 · Accountancy
→If profit ratio is not given in the deed how will remaining profit after adjustments be shared?
Class 12 · Accountancy
→If the net profit is Rs 50,000 and A and B share profits in the ratio 3 : 2, what is B's share when there are no other adjustments?
Class 12 · Accountancy
→If interest on capital is debited to the appropriation account, what is the corresponding entry in the partner's account?
Class 12 · Accountancy
→If interest on drawings is credited to the appropriation (profit distribution) account, what will be the corresponding effect in the partner's account?
Class 12 · Accountancy
→If As salary Rs 5000 has been debited to Profit and Loss Appropriation Account where is the second effect?
Class 12 · Accountancy
→If the firm returns ₹10,000 of capital to a partner, what entry will be made in the partner's capital account?
Class 12 · Accountancy
→If a partner brings personal furniture into the firm as capital which account will be credited?
Class 12 · Accountancy
→If A withdrew Rs 12000 during the year and deposited back Rs 2000 what will be net drawings?
Class 12 · Accountancy
→If A guarantees minimum profit to B from whose account will Bs deficiency be deducted?
Class 12 · Accountancy
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