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Class 12 · Accountancy
→If capital account closes with credit balance on which side is it shown in balance sheet?
Class 12 · Accountancy
→Which item is recorded on the debit side of a partner's capital account?
Class 12 · Accountancy
→Which item is recorded on the credit side of a partner's capital account?
Class 12 · Accountancy
→Under the fixed capital method, drawings are debited to which account?
Class 12 · Accountancy
→Why is fluctuating capital method called fluctuating?
Class 12 · Accountancy
→Under fixed capital method how does opening capital generally remain till year end?
Class 12 · Accountancy
→If C’s capital is ₹30,000 and C’s share of loss is ₹4,000, what will be the capital under the fluctuating capital method?
Class 12 · Accountancy
→If C capital is thirty thousand rupees and share of profit is six thousand rupees what will be capital under fluctuating method?
Class 12 · Accountancy
→If B capital is forty thousand rupees and he withdraws five thousand rupees as capital what will be remaining capital?
Class 12 · Accountancy
→If A opening capital is fifty thousand rupees and additional capital is ten thousand rupees what is the new total capital?
Class 12 · Accountancy
→Why is a separate current account generally not prepared under fluctuating capital method?
Class 12 · Accountancy
→Why is current account prepared under fixed capital method?
Class 12 · Accountancy
→How is a partner's share of loss shown in the partner's account?
Class 12 · Accountancy
→In a partnership, how is a partner's share of profit shown in the partner's account?
Class 12 · Accountancy
→On which side is interest on drawings recorded in the partners account?
Class 12 · Accountancy
→On which side does interest on capital appear in the partners account?
Class 12 · Accountancy
→When a partner withdraws capital, what is the effect on the partner's capital account?
Class 12 · Accountancy
→Additional capital brought by a partner is recorded on which side?
Class 12 · Accountancy
→What may a debit balance of capital account indicate?
Class 12 · Accountancy
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