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Class 12 · Accountancy
→If interest on capital is payable but capital account has debit balance why should the base be examined carefully?
Class 12 · Accountancy
→Under fluctuating capital method A opening capital is fifty thousand rupees. Additional capital is ten thousand rupees profit share is five thousand rupees share of loss is seven thousand rupees and drawings are three thousand rupees. What is closing capital?
Class 12 · Accountancy
→Under fixed capital method how does credit balance of current account affect capital?
Class 12 · Accountancy
→A B and C capitals are eighty thousand sixty thousand and forty thousand respectively. They must be maintained in the ratio three to two to one and total capital remains same. Whose capital needs no adjustment?
Class 12 · Accountancy
→A capital is one lakh rupees and B capital is forty thousand rupees. They must have equal capitals while total capital remains one lakh forty thousand rupees. How much will A withdraw and B bring?
Class 12 · Accountancy
→If partners capital account is mixed with loan account what problem will arise?
Class 12 · Accountancy
→Under fixed capital method the firm paid partners personal insurance premium of four thousand rupees. What is the correct effect?
Class 12 · Accountancy
→If the firm paid partners personal expense of three thousand rupees and it is treated as drawings which entry is correct under fluctuating method?
Class 12 · Accountancy
→Under fluctuating capital method if both normal drawings and permanent capital withdrawal exist what account is immediately affected by both?
Class 12 · Accountancy
→A withdrew twelve thousand rupees from the firm. Eight thousand rupees is normal drawings and four thousand rupees is permanent capital withdrawal. Under fixed capital method which is correct?
Class 12 · Accountancy
→Under fixed capital method capital account has only opening capital but closing capital appears changed. Which reason can be correct?
Class 12 · Accountancy
→If adjusted capital is less than required ratio capital what is generally done in capital adjustment?
Class 12 · Accountancy
→If adjusted capital is more than required ratio capital what is generally done in capital adjustment?
Class 12 · Accountancy
→Capitals of three partners are to be kept in the ratio two to two to one. Total capital is one lakh twenty five thousand rupees. What will be the third partners capital?
Class 12 · Accountancy
→A and B capitals should be in the ratio two to three. Total capital is two lakh fifty thousand rupees. What is B target capital?
Class 12 · Accountancy
→Under fixed capital method interest on drawings was wrongly credited in current account. If the amount is two thousand rupees what is total error in current account?
Class 12 · Accountancy
→Under fluctuating capital method if share of loss is wrongly credited what will be the total effect of the error?
Class 12 · Accountancy
→Under the fluctuating capital method, if a partner's share of profit is not credited but drawings are correctly debited, what will be the effect on the closing capital?
Class 12 · Accountancy
→If two partners capital accounts are fixed but one partner has a large debit current account balance what caution should be taken while comparing capital ratio?
Class 12 · Accountancy
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