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Class 12 · Accountancy
→Interest on a partners capital is Rs 3000. Under fluctuating capital method, where will it go?
Class 12 · Accountancy
→If the partnership capital balance is Rs 60,000 and a partner withdraws Rs 5,000 from capital, what will be the new capital balance?
Class 12 · Accountancy
→In a partnership, if the opening capital is Rs 40,000 and additional capital introduced later is Rs 10,000, and there is no withdrawal from capital, what is the total capital?
Class 12 · Accountancy
→What does the closing balance of a partner’s capital account represent?
Class 12 · Accountancy
→What is the opening balance of a capital account called?
Class 12 · Accountancy
→Why may recording drawings directly in capital account be wrong under fixed capital method?
Class 12 · Accountancy
→If a partner gives a loan to the firm, should it be merged with the capital account or shown separately?
Class 12 · Accountancy
→How will a partner's commission be recorded in his capital or current account?
Class 12 · Accountancy
→If salary is payable to a partner, on which side of his account will it be shown?
Class 12 · Accountancy
→How does a partner's share of loss affect his capital or current account?
Class 12 · Accountancy
→How does a partners share of profit affect his capital or current account?
Class 12 · Accountancy
→Is a separate current account necessary under fluctuating capital method?
Class 12 · Accountancy
→Why is a separate current account prepared under fixed capital method?
Class 12 · Accountancy
→If B withdrew Rs 8,000 for personal expenses, how will this appear in B's account?
Class 12 · Accountancy
→If A invested Rs 50,000 as capital, which side of A's capital account will be affected?
Class 12 · Accountancy
→On which side of a partner's account is interest on drawings recorded?
Class 12 · Accountancy
→On which side is interest on capital recorded in a partners account?
Class 12 · Accountancy
→A debit balance in a capital account may indicate which situation?
Class 12 · Accountancy
→What does a credit balance in a capital account usually indicate?
Class 12 · Accountancy
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