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Class 12 · Accountancy
→If the interest on drawings is ₹600, how will it be recorded in the partner's account?
Class 12 · Accountancy
→If interest on capital is one thousand rupees and share of loss is three thousand rupees what is the net effect on capital?
Class 12 · Accountancy
→If C’s share of profit is ₹12,000 and drawings are ₹5,000, what is the net increase in C’s capital, assuming no other adjustment?
Class 12 · Accountancy
→If B capital is thirty two thousand rupees and capital withdrawal is two thousand rupees what capital will remain?
Class 12 · Accountancy
→If A opening capital is eighteen thousand rupees and additional capital is seven thousand rupees what will be total capital?
Class 12 · Accountancy
→If profit and drawings both appear in capital account which method may it be?
Class 12 · Accountancy
→If salary is credited and drawings are debited in current account which method does it indicate?
Class 12 · Accountancy
→On which side of the current account is a partner's share of loss recorded?
Class 12 · Accountancy
→In a partner's current account, on which side is the partner's share of profit recorded?
Class 12 · Accountancy
→Under the fixed capital method, withdrawal of capital affects which account?
Class 12 · Accountancy
→Under fixed capital method where will additional capital be recorded?
Class 12 · Accountancy
→If a partner makes drawings in cash, which account is debited?
Class 12 · Accountancy
→If a partner brings goods (stock) into the firm as capital, what will be the effect on the firm's capital?
Class 12 · Accountancy
→If a partner contributes machinery as capital what happens to the partners capital account?
Class 12 · Accountancy
→If a partner brings cash capital into the firm which account is credited?
Class 12 · Accountancy
→Where is a partner’s capital normally shown in the balance sheet?
Class 12 · Accountancy
→Why does capital account change frequently under fluctuating capital method?
Class 12 · Accountancy
→What is the main difference between the capital account and the current account under the fixed-capital method?
Class 12 · Accountancy
→How is the closing balance of a partner’s capital account determined?
Class 12 · Accountancy
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