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Class 12 · Accountancy · Medium
→Under the fluctuating capital method, if a partner's share of profit is accidentally omitted from his capital account, what will be the effect on his closing capital?
Class 12 · Accountancy · Medium
→If under fixed capital method drawings account is wrongly closed to capital account what will happen?
Class 12 · Accountancy · Medium
→If a partner brought Rs 20000 as capital and it was deposited in bank what is the effect on partners capital account?
Class 12 · Accountancy · Medium
→If A and B share a loss in the ratio 4 : 1 and the total loss is Rs 25,000, how much will be debited to B's capital account?
Class 12 · Accountancy · Medium
→If A and B share profits in the ratio 3 : 2 and the total profit is Rs 50,000, how much will be credited to A's account?
Class 12 · Accountancy · Medium
→If the deed is silent why will interest on drawings not be charged in capital or current account?
Class 12 · Accountancy · Medium
→If the deed is silent why will interest on partners capital not be recorded in capital accounts?
Class 12 · Accountancy · Medium
→If the firm paid Rs 12000 cash to a partner as return of capital which entry is correct?
Class 12 · Accountancy · Medium
→If a partner brings furniture into the firm as capital which account will be debited and which account will be credited?
Class 12 · Accountancy · Medium
→If Bs salary is Rs 10000 and loss share is Rs 7000 what will be the net effect on Bs account?
Class 12 · Accountancy · Medium
→If a partners profit share is Rs 16000 and interest on drawings is Rs 1200 what will be the net credit effect in fluctuating capital account?
Class 12 · Accountancy · Medium
→If As opening capital is Rs 40000 and during the year additional capital is Rs 10000 and capital withdrawal is Rs 5000 what is closing capital under fixed method?
Class 12 · Accountancy · Medium
→In the format of a partner's Capital Account, if the opening capital balance is a normal credit, on which side of the account is it recorded?
Class 12 · Accountancy · Medium
→If A’s capital account shows a debit balance, how is it generally understood in examinations?
Class 12 · Accountancy · Medium
→If the firm paid a partner's personal insurance premium of Rs 6,000, how should it be treated in the accounts?
Class 12 · Accountancy · Medium
→If a partner paid Rs 2500 postage expense for firm from personal cash what will happen in his account?
Class 12 · Accountancy · Medium
→A gave a loan of Rs 30,000 to the firm. Why should it be shown separately instead of being merged with the capital account?
Class 12 · Accountancy · Medium
→Under fluctuating capital method which is the correct item to be credited to capital account?
Class 12 · Accountancy · Medium
→Under the fixed capital method, which item is recorded in the current account and not in the capital account?
Class 12 · Accountancy · Medium
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