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Class 12 · Accountancy
→If interest on partners capital is not provided in the deed how will it be treated in capital account?
Class 12 · Accountancy
→If a partners opening current account is nil salary is Rs 6000 and drawings are Rs 2500 what will be closing current balance?
Class 12 · Accountancy
→Interest on drawings is Rs 700 for A and Rs 900 for B. What will be total credit in Profit and Loss Appropriation Account?
Class 12 · Accountancy
→If interest on As capital is Rs 3000 and interest on Bs capital is Rs 2000 what will be total debit in Profit and Loss Appropriation Account?
Class 12 · Accountancy
→A and B have capitals of Rs 40,000 and Rs 60,000 respectively. If interest on capital is 5% what will be the total interest?
Class 12 · Accountancy
→Under fluctuating capital method to which account can a partners drawings account be closed at year end?
Class 12 · Accountancy
→Under fixed capital method to which account is a partners drawings account transferred at year end?
Class 12 · Accountancy
→If As capital is Rs 50000 he withdrew capital of Rs 10000 and received profit of Rs 8000 what will be closing capital under fluctuating method?
Class 12 · Accountancy
→If a partner takes firms goods for personal use valued at Rs 3000 what is the effect on capital account?
Class 12 · Accountancy
→Under the fluctuating capital method, which item is not recorded on the credit side of a partner’s capital account?
Class 12 · Accountancy
→Under fluctuating capital method which item will be recorded on debit side of capital account?
Class 12 · Accountancy
→Under fixed capital method which item will be recorded directly in capital account?
Class 12 · Accountancy
→If Bs current account has opening credit balance of Rs 4000 and drawings are Rs 6500 what will be closing balance?
Class 12 · Accountancy
→If As current account has opening debit balance of Rs 3000 and profit share is Rs 10000 with no other item what will be closing balance?
Class 12 · Accountancy
→If As opening capital is Rs 50000 and closing balance is Rs 62000 with no drawings what is the total effect of profit or additional capital?
Class 12 · Accountancy
→A and B have capitals of Rs 70,000 and Rs 30,000 respectively, but their profit-sharing ratio is equal. On what basis will profits be shared (or credited)?
Class 12 · Accountancy
→B withdrew Rs 24000 in the middle of the year and interest rate is 10 percent per annum. What will be interest on drawings?
Class 12 · Accountancy
→A's capital is Rs 100000 and the annual interest on capital is 10%. What is the interest on capital for the year?
Class 12 · Accountancy
→If fluctuating capital method is adopted why are separate current accounts generally not prepared?
Class 12 · Accountancy
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