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Class 12 · Accountancy
→Which is the correct journal entry for transferring realisation profit to capital accounts?
Class 12 · Accountancy
→C's final credit balance is ₹29000. What is the entry for payment through bank?
Class 12 · Accountancy
→If final credit balance is paid to a partner then what is the effect on bank account and capital account?
Class 12 · Accountancy
→B's final debit balance is ₹6500 and he deposits the full amount in bank. What is the correct entry?
Class 12 · Accountancy
→If a partner has to pay final debit balance and pays it fully then what is the effect on bank account and capital account?
Class 12 · Accountancy
→A's capital is credit ₹17000 and he takes an asset of ₹22000. What is the final balance?
Class 12 · Accountancy
→If the value of asset taken by a partner is more than his credit capital balance then what may be the result of capital account?
Class 12 · Accountancy
→Which item is credited to capital account on dissolution?
Class 12 · Accountancy
→Which item is debited to capital account on dissolution?
Class 12 · Accountancy
→Provision for doubtful debts is ₹8000 and loss on debtors is ₹5000. What balance is distributable to partners?
Class 12 · Accountancy
→When can balance of provision for doubtful debts be credited to partners' capital accounts on dissolution?
Class 12 · Accountancy
→A, B and C are partners sharing profits in the ratio 2:3:5. If the distributable balance of the Investment Fluctuation Reserve is ₹50,000, how much will be credited to B’s capital account?
Class 12 · Accountancy
→If investment fluctuation reserve is more than investment loss then where does the balance go?
Class 12 · Accountancy
→Investment fluctuation reserve is ₹12000 and investment loss is ₹15000. How much is credited to partners from the reserve?
Class 12 · Accountancy
→Workmen compensation reserve is ₹20000 and claim is ₹27000. How much direct credit from reserve goes to partners' capital accounts?
Class 12 · Accountancy
→If workmen compensation claim is more than the reserve then the excess claim affects which account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, the Dividend Equalisation Reserve is ₹36,000. If the partners share profits in the ratio 5:4, what amount will be credited to the second partner’s account?
Class 12 · Accountancy
→How is dividend equalisation reserve treated in capital accounts on dissolution?
Class 12 · Accountancy
→A takes stock of ₹14500 and pays expenses of ₹3500 on behalf of the firm. What is the net effect on A's capital account?
Class 12 · Accountancy
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