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Class 12 · Accountancy
→If the firm returns capital to a partner through bank which account will be debited?
Class 12 · Accountancy
→If a partner contributes capital through bank instead of cash what difference will it make in capital account?
Class 12 · Accountancy
→If a partner promised to bring capital but has not yet brought the amount when will it be recorded in capital account?
Class 12 · Accountancy
→If A’s drawings are Rs 10,000 and interest on drawings is Rs 1,000, what will be the total debit in A’s account?
Class 12 · Accountancy
→If B’s salary is Rs 12,000 and commission is Rs 3,000, what will be the total credit in B’s current account?
Class 12 · Accountancy
→If interest on As capital is Rs 5000 and interest on As drawings is Rs 800 what is the net credit effect in As account?
Class 12 · Accountancy
→If closing balance of capital account is credit how will it start next year?
Class 12 · Accountancy
→In a capital account on which side is opening balance brought down when it is a credit balance?
Class 12 · Accountancy
→If a current account is separately prepared under fluctuating capital method what main care is needed?
Class 12 · Accountancy
→If under fixed capital method profit share is wrongly credited to capital account what problem will occur?
Class 12 · Accountancy
→A spent Rs 6000 for firms business and not for personal use. How can it be shown in As account?
Class 12 · Accountancy
→If a partner pays firms liability from personal funds what is the effect on his capital account?
Class 12 · Accountancy
→If a partner paid a personal expense from the firm's bank account, how should it be shown in the capital accounts?
Class 12 · Accountancy
→If As capital account has a debit balance what does it possibly show?
Class 12 · Accountancy
→Why is it necessary to read current account along with capital account under fixed capital method?
Class 12 · Accountancy
→If Bs opening capital is Rs 45000 drawings are Rs 7000 and closing balance is Rs 52000 what was profit share?
Class 12 · Accountancy
→If As closing capital is Rs 70000 opening balance is Rs 65000 and profit share is Rs 9000 what were drawings?
Class 12 · Accountancy
→B's capital account shows Rs 55000 credit and his current account shows Rs 8000 credit. What is B's total credit position?
Class 12 · Accountancy
→As capital account has Rs 90000 credit and current account has Rs 12000 debit. What is As net position?
Class 12 · Accountancy
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