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Class 12 · Accountancy
→If the firm adjusts a debit current balance due from a partner against his capital what will be the effect on capital account?
Class 12 · Accountancy
→If a partner's capital account shows a credit balance and the firm has taken a separate loan from the same partner, which of the following statements is correct?
Class 12 · Accountancy
→If an amount given to a partner is not capital withdrawal but temporary advance why should it not be merged with capital account?
Class 12 · Accountancy
→If a partner took goods for personal use and cost price is Rs 8000 while selling price is Rs 10000. At what value will drawings generally be debited in capital account when the question gives cost?
Class 12 · Accountancy
→If interest on drawings is credited to Profit and Loss Appropriation Account what will be its second effect in partners account?
Class 12 · Accountancy
→If interest on capital and partner salary are debited to Profit and Loss Appropriation Account what will be their second effect in partners account?
Class 12 · Accountancy
→If salary, commission and interest on capital appear in a partner's current account, how should they be treated when calculating the closing balance?
Class 12 · Accountancy
→If drawings and interest on drawings both appear in current account how will both be treated while finding closing balance?
Class 12 · Accountancy
→A and B capitals are Rs 150000 and Rs 100000. Profit ratio is three to two. Are capitals already in ratio?
Class 12 · Accountancy
→A and B capitals are Rs 200000 and Rs 120000 respectively. Profit ratio should be two to one and Bs capital is to be taken as base. What should A do?
Class 12 · Accountancy
→If capitals are to be adjusted in profit ratio and no partner is allowed to withdraw money how can excess capital position be handled?
Class 12 · Accountancy
→If capital accounts are to be adjusted in profit ratio and bringing additional capital is not allowed how may the deficiency of a partner be adjusted?
Class 12 · Accountancy
→If interest is to be charged on a debit capital balance of Rs 20,000 at 6% per annum for six months, what will be the interest?
Class 12 · Accountancy
→If interest is to be charged on a partners debit capital balance on which side will this interest be recorded?
Class 12 · Accountancy
→As capital account is Rs 30000 credit and current account is Rs 42000 debit. What is As net position?
Class 12 · Accountancy
→If capital account has a credit balance but current account has a larger debit balance what may be the partners overall position?
Class 12 · Accountancy
→A partner brought a building of Rs 200000 as capital and the firm accepted a loan of Rs 50000 on it. How much will be credited to capital account?
Class 12 · Accountancy
→If a partner brings a building as capital and the firm also takes over an old loan on that building at what value will capital account be credited?
Class 12 · Accountancy
→As capital was Rs 40000 for four months Rs 70000 for next four months and Rs 100000 for last four months. What is average capital?
Class 12 · Accountancy
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