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Class 12 · Accountancy
→If current account has debit balance why may it be shown on assets side of balance sheet?
Class 12 · Accountancy
→What is the basis for showing partners capital on liabilities side of balance sheet?
Class 12 · Accountancy
→If a partners capital account has a debit balance which reason is most suitable?
Class 12 · Accountancy
→Under fixed capital method which item may appear on debit side of capital account?
Class 12 · Accountancy
→Under fixed capital method which item may appear on credit side of capital account?
Class 12 · Accountancy
→If B closing capital is seventy thousand rupees share of loss is five thousand rupees and additional capital is ten thousand rupees what was opening capital?
Class 12 · Accountancy
→If A closing capital is eighty six thousand rupees profit share is ten thousand rupees and drawings are six thousand rupees what was opening capital under fluctuating method?
Class 12 · Accountancy
→If capital account shows only opening capital and additional capital while profit and drawings are in current account which method is used?
Class 12 · Accountancy
→A and B must maintain equal capital balances. A's capital is ₹52,000 and B's capital is ₹60,000. How much should B withdraw to make both capitals equal?
Class 12 · Accountancy
→A and B capitals must be equal. A capital is sixty four thousand rupees and B capital is fifty eight thousand rupees. How much additional capital must B bring?
Class 12 · Accountancy
→Under fixed capital method which item will appear on credit side of current account?
Class 12 · Accountancy
→Under fixed capital method which item will appear on debit side of current account?
Class 12 · Accountancy
→Under fluctuating capital method which group is correct while calculating closing capital?
Class 12 · Accountancy
→If partners capital is to be kept fixed why is it improper to record share of profit in capital account?
Class 12 · Accountancy
→Under fixed capital method B current account had opening debit of three thousand rupees. Salary is eight thousand rupees and drawings are seven thousand rupees. What is the closing balance?
Class 12 · Accountancy
→Under fixed capital method A current account had opening credit of four thousand rupees. Share of profit is seven thousand rupees and drawings are five thousand rupees. What is closing current account balance?
Class 12 · Accountancy
→If interest on drawings is wrongly credited to a partner's account, what will be the effect on the partner's account balance?
Class 12 · Accountancy
→If interest on capital is wrongly debited to a partner's account, what will be the effect on the partner's capital balance?
Class 12 · Accountancy
→B opening capital is ninety thousand rupees. Interest on capital allowed is five thousand rupees and interest on drawings charged is one thousand rupees. What is the net effect?
Class 12 · Accountancy
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