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Class 12 · Accountancy

A and B adjusted capitals are eighty eight thousand rupees and sixty two thousand rupees respectively. Capitals must be in the ratio four to three and A capital is taken as base. How much should B bring or withdraw?

Class 12 · Accountancy

A and B's capitals are to be finally maintained in the ratio 5 : 3. The total adjusted capital is ₹1,60,000. What is A's target capital?

Class 12 · Accountancy

Under fixed capital method B current account has opening credit balance of five thousand rupees. Share of loss is nine thousand rupees drawings are six thousand rupees and interest on capital is four thousand rupees. What is the closing current account balance?

Class 12 · Accountancy

Under fixed capital method A current account has opening debit balance of six thousand rupees. Salary is twelve thousand rupees profit share is eight thousand rupees drawings are ten thousand rupees and interest on drawings is two thousand rupees. What is closing current account balance?

Class 12 · Accountancy

B closing capital is ninety thousand rupees. During the year additional capital was fifteen thousand rupees profit share was twelve thousand rupees and drawings were seven thousand rupees. Under fluctuating method what was opening capital?

Class 12 · Accountancy

Under fluctuating capital method A opening capital is one lakh twenty thousand rupees additional capital is twenty thousand rupees share of profit is eighteen thousand rupees interest on capital is six thousand rupees drawings are fifteen thousand rupees and interest on drawings is one thousand rupees. What is closing capital?

Class 12 · Accountancy

In capital account questions what should be identified first to avoid wrong answer?

Class 12 · Accountancy

If a partners drawings account is being closed to capital account what method may this indicate?

Class 12 · Accountancy

If By Balance brought down is written in capital account what does it show?

Class 12 · Accountancy

If To Balance carried down is written in As capital account what does it show?

Class 12 · Accountancy

If A's capital account has a closing balance of Rs 64,000 as a credit (not a debit), what does this indicate?

Class 12 · Accountancy

If A and B's capitals are to be in the profit-sharing ratio 3 : 2 and the total capital is Rs 100000, what will be B's capital?

Class 12 · Accountancy

If A and B's capitals are to be maintained in the profit ratio 2:1 and the total capital is Rs 90,000, what will be A's capital?

Class 12 · Accountancy

If A's capital is Rs 1,20,000 and B's capital is Rs 90,000, how much can A withdraw to make the capitals equal?

Class 12 · Accountancy

If partners capitals are to be made equal and A has Rs 90000 while B has Rs 70000 how much additional capital should B bring?

Class 12 · Accountancy

If Bs opening current account is Rs 1000 debit commission is Rs 7500 and interest on drawings is Rs 500 what will be closing balance?

Class 12 · Accountancy

If As opening current account is Rs 2000 credit salary is Rs 5000 and drawings are Rs 9000 what will be closing balance?

Class 12 · Accountancy

If A made drawings of Rs 10000 and returned Rs 3000 in the same year what will be net drawings?

Class 12 · Accountancy

If interest on capital has been wrongly debited to a partner's account, what is the correct rectification?

Class 12 · Accountancy

If interest on drawings is credited to partners account what is the error?