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Class 12 · Accountancy
→C takes over debtors of ₹32000 at ₹27000. How much will be debited to C's capital account?
Class 12 · Accountancy
→If a partner takes the right to collect a firm's debtor then what happens in his capital account?
Class 12 · Accountancy
→B takes over bills payable of ₹30000 at ₹26000. What happens in B's capital account?
Class 12 · Accountancy
→If a partner takes over a liability at an amount lower than book value then which amount is credited to capital account?
Class 12 · Accountancy
→A computer has book value ₹24000 and A takes it over at ₹18000. How much will be debited to A's capital account?
Class 12 · Accountancy
→When a partner takes a firm's asset at an agreed lower value on dissolution which amount is recorded in his capital account?
Class 12 · Accountancy
→B gives his private car valued at ₹40000 to pay firm's creditors. What happens in B's capital account?
Class 12 · Accountancy
→If a partner brings his private asset for firm payment then what is the effect on his capital account?
Class 12 · Accountancy
→A's private liability of ₹11000 is paid by the firm. What will be recorded in A's capital account?
Class 12 · Accountancy
→If the firm pays a partner's private liability on dissolution then what happens in the partner's capital account?
Class 12 · Accountancy
→Which item debited to capital account on dissolution reduces the amount payable to a partner?
Class 12 · Accountancy
→Which item credited to capital account on dissolution increases the amount payable to a partner?
Class 12 · Accountancy
→If a partner's capital account shows credit balance but he has also taken a separate loan from the firm then what is generally done first?
Class 12 · Accountancy
→If bank balance is not sufficient before final capital payment on dissolution then which payment gets priority before capital?
Class 12 · Accountancy
→Partner C's capital account has a debit balance of ₹7,000, while the current account has a credit balance of ₹2,000. What final debit balance will result when the two accounts are combined?
Class 12 · Accountancy
→B's capital is credit ₹18000. B's current account is debit ₹3000 and share of realisation profit is ₹5000. What is final balance?
Class 12 · Accountancy
→If A's capital is credit ₹25000 and A is entitled to realisation commission ₹4000 but takes an asset of ₹6000 then what is final balance?
Class 12 · Accountancy
→If a solvent partner's final capital is zero then under Garner vs Murray how much deficiency will he bear?
Class 12 · Accountancy
→An insolvent partner’s deficiency is to be borne by the solvent partners in the ratio of their final capitals. The final capitals of solvent partners A and B are ₹30,000 and ₹70,000, respectively, and the insolvent partner’s deficiency is ₹15,000. How much of this deficiency will partner B bear?
Class 12 · Accountancy
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