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Class 12 · Accountancy
→If total debit does not match total credit in adjustment table what does it indicate?
Class 12 · Accountancy
→In adjustment entry how should total debit and total credit be?
Class 12 · Accountancy
→Under the fixed capital method, interest on capital was recorded in the Capital Account. In which account should it have been recorded?
Class 12 · Accountancy
→Under the fixed capital method, if drawings were mistakenly recorded in the capital account, to which account should they correctly have been posted?
Class 12 · Accountancy
→Under fluctuating capital method regular adjustments are made in which account?
Class 12 · Accountancy
→Under fixed capital method regular adjustments are generally made in which account?
Class 12 · Accountancy
→A firm paid a partner's personal expenses from cash/bank but the payment was not recorded in the books. What is the correct accounting adjustment?
Class 12 · Accountancy
→If a partner's drawings were accidentally omitted from the books, what will be the effect on his account?
Class 12 · Accountancy
→If a commission payable to a partner was omitted from the books, what will be done in the concerned partner's account?
Class 12 · Accountancy
→If interest on drawings of Rs. 2,000 was omitted, how would the available profit appear?
Class 12 · Accountancy
→If interest on capital of ₹6,000 that should have been charged was omitted from the books, how will the distributable profit appear?
Class 12 · Accountancy
→A total profit of Rs 10,000 was shared equally, but the correct ratio was 3:2. How much excess or shortfall did B have?
Class 12 · Accountancy
→A total profit of Rs. 10,000 was wrongly shared equally, but the correct profit-sharing ratio is 3:2. What is A's correct share?
Class 12 · Accountancy
→If A and B shared profit equally but correct ratio was three to two what type of adjustment is needed?
Class 12 · Accountancy
→In an adjustment entry, the account of a partner from whom an amount is recoverable is shown on which side?
Class 12 · Accountancy
→In an adjustment entry, the account of a partner who is to receive a benefit appears on which side?
Class 12 · Accountancy
→If B has been paid an excess profit of ₹3,000, what adjustment will be made to B's account during the adjustment?
Class 12 · Accountancy
→If A received five thousand rupees less profit, what entry will be made to A's account during adjustment?
Class 12 · Accountancy
→In adjustment table if a partner received excess profit what will happen to his account?
Class 12 · Accountancy
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