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Class 12 · Accountancy
→Under fluctuating capital method A capital was credited with profit share ten thousand rupees and revaluation profit four thousand rupees. If only profit share should have been recorded how much is capital overstated?
Class 12 · Accountancy
→Under fixed capital method A capital is fifty thousand and current account credit ten thousand. B capital is forty thousand and current account debit five thousand. What is net partners claim?
Class 12 · Accountancy
→If A capital account has credit balance and B capital account has debit balance what should be done while finding total partners capital?
Class 12 · Accountancy
→Under the fluctuating capital method, partner A's capital is Rs 1,00,000. In a goodwill adjustment A's capital account is first debited by Rs 15,000 and later credited by Rs 15,000 as profit share. What is the net effect on A's capital?
Class 12 · Accountancy
→A gave a loan to the firm, but the amount was credited to A's capital account. If the capital ratio is calculated later, what precaution is necessary?
Class 12 · Accountancy
→If a partner gives personal investment to firm as capital but firm treats it as partner loan what main difference changes?
Class 12 · Accountancy
→Under fixed capital method A current account has credit balance. If this amount is paid through bank what is the effect on balance sheet liability?
Class 12 · Accountancy
→If debit balance of drawings account is not closed at year end what may be the effect on capital account?
Class 12 · Accountancy
→Under fixed capital method drawings and interest on drawings are both debited in current account. What is the basic difference between them?
Class 12 · Accountancy
→Under fluctuating capital method A interest on capital is eight thousand rupees and salary is twelve thousand rupees. If both are omitted how much will capital be understated?
Class 12 · Accountancy
→If firm paid partners personal expense but treated it as Profit and Loss expense what effect on capital account is missed?
Class 12 · Accountancy
→Commission was due to a partner but not paid. Under fluctuating capital method why will it increase capital?
Class 12 · Accountancy
→Under fluctuating capital method partner salary was credited to capital account when due and debited again on payment. What is the net effect?
Class 12 · Accountancy
→Under fixed capital method A capital account is one lakh rupees and no permanent capital change occurred. Yet current account has a large credit balance. What will be closing capital account balance?
Class 12 · Accountancy
→Under fluctuating capital method which sequence reduces errors while finding closing capital?
Class 12 · Accountancy
→If capital account has credit balance and current account has debit balance what is the correct analysis of financial position?
Class 12 · Accountancy
→Under fixed capital method A current account has debit balance. The partner says treat it as capital and allow interest. Why may this be wrong?
Class 12 · Accountancy
→A B and C actual capitals are one lakh thirty thousand eighty thousand and thirty thousand rupees. Target ratio is four to three to one and total capital remains same. What should A do?
Class 12 · Accountancy
→A B and C actual capitals are one lakh thirty thousand eighty thousand and thirty thousand rupees. Target ratio is four to three to one and total capital remains same. Who has deficiency?
Class 12 · Accountancy
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