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Class 12 · Accountancy
→In which account does interest on drawings appear as income of the firm?
Class 12 · Accountancy
→From which account is interest on capital transferred to capital or current account?
Class 12 · Accountancy
→If a partner takes firms goods for personal use, what will it be treated as?
Class 12 · Accountancy
→If a partner gives goods to the firm as capital, what is the effect on capital account?
Class 12 · Accountancy
→What is the general meaning of crediting a partners account?
Class 12 · Accountancy
→What is the general meaning of making a debit entry in a partner's account?
Class 12 · Accountancy
→In a partnership, what type of account is a capital account considered?
Class 12 · Accountancy
→If there are three partners and fixed capital method is used, how many current accounts may be prepared?
Class 12 · Accountancy
→If there are two partners, how many capital accounts are generally prepared?
Class 12 · Accountancy
→In a partnership, why is a partner's name written on the capital account?
Class 12 · Accountancy
→What is the main reason the capital account balance changes every year under fluctuating capital method?
Class 12 · Accountancy
→Under fixed capital method, where will interest on drawings be recorded?
Class 12 · Accountancy
→Under fixed capital method, where will interest on capital be recorded?
Class 12 · Accountancy
→If Bs loss share is Rs 3000, on which side will it be recorded in Bs account?
Class 12 · Accountancy
→If A's profit share is Rs 7,000, on which side of A's capital account will it be recorded?
Class 12 · Accountancy
→When capital is withdrawn, which side of the capital account is affected?
Class 12 · Accountancy
→Bringing additional capital into capital account is what type of entry?
Class 12 · Accountancy
→If a partners current account shows credit balance, what is its simple meaning?
Class 12 · Accountancy
→If a partners current account shows debit balance, what is its simple meaning?
Class 12 · Accountancy
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