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Class 12 · Accountancy
→What is the best indication for checking correctness of partners' capital accounts on dissolution?
Class 12 · Accountancy
→A has loan ₹12000 and credit capital balance ₹33000. After paying outside liabilities which amount is paid first?
Class 12 · Accountancy
→If a partner's capital account is credit and his loan account is also credit then in what order are they paid?
Class 12 · Accountancy
→Why is it wrong to include insolvent partner's deficiency in realisation loss?
Class 12 · Accountancy
→According to the Garner v. Murray rule, A and B have final capitals of ₹50,000 and ₹25,000 respectively. Insolvent C’s deficiency is ₹9,000. How much of this deficiency will A bear?
Class 12 · Accountancy
→Under Garner vs Murray if capitals are fluctuating then which capital is used for sharing deficiency?
Class 12 · Accountancy
→Under Garner vs Murray if partners' capitals are fixed then which capital is generally considered for sharing deficiency?
Class 12 · Accountancy
→If profit ratio is 3:2 and capital ratio is 1:4 then in which ratio will realisation loss be shared?
Class 12 · Accountancy
→Three partners have equal capitals but profit ratio is 2:2:1. On what basis will realisation profit be divided?
Class 12 · Accountancy
→A and B have capitals of ₹40,000 and ₹25,000 respectively. The firm incurred a realisation loss of ₹13,000, which was borne equally by both partners. What will be A’s final capital after realisation?
Class 12 · Accountancy
→Which order is more appropriate while finding final balance in capital account?
Class 12 · Accountancy
→If a partner takes over firm's asset then what is the combined effect in realisation and capital accounts?
Class 12 · Accountancy
→If a partner takes over firm's liability then what is the combined effect in realisation and capital accounts?
Class 12 · Accountancy
→In which situation is a partner's capital account not directly affected by realisation account?
Class 12 · Accountancy
→C’s capital account has a credit balance of ₹35,000. Interest on drawings is ₹1,800 and C’s share of realisation loss is ₹5,200. How much will be payable to C on dissolution of the firm?
Class 12 · Accountancy
→B's capital is credit ₹48000. Share of accumulated loss is ₹7500 and interest on capital due is ₹2500. What is final balance?
Class 12 · Accountancy
→A's capital is credit ₹62000. Share of realisation profit is ₹13000 and drawings are ₹9000. What is final balance?
Class 12 · Accountancy
→On dissolution of a firm, the realisation loss is ₹54,000. If the profit-sharing ratio of the three partners is 4:3:2, what amount of realisation loss will be debited to the second partner’s account?
Class 12 · Accountancy
→If a profit of ₹44,000 arises in the Realisation Account on the dissolution of a partnership firm, and partners A and B share profits and losses in the ratio of 6:5, how much will be credited to partner A’s Capital Account?
Class 12 · Accountancy
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