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Class 12 · Accountancy
→If no amount is received from an insolvent partner how is his capital deficiency settled?
Class 12 · Accountancy
→C's capital is debit ₹10000 and he can pay only ₹4000. What is the remaining deficiency?
Class 12 · Accountancy
→B’s Capital Account has a credit balance of ₹28,000. The total loss on realisation is ₹10,000, and B’s share of the loss is one-half. What amount will remain in B’s Capital Account after adjusting the realisation loss?
Class 12 · Accountancy
→A's capital is credit ₹55000. A takes asset of ₹20000 and liability of ₹8000. What is the final capital balance?
Class 12 · Accountancy
→A partner takes an asset of ₹12000 and also takes a liability of ₹7000. What is the net effect on his capital account?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, the accumulated loss is ₹42,000. If three partners share profits and losses equally, what amount will be debited to each partner’s Capital Account?
Class 12 · Accountancy
→The profit-sharing ratio of a partnership firm is 2:3. At the time of dissolution, accumulated profit of ₹25,000 is distributed to the partners’ capital accounts in their profit-sharing ratio. What amount will be credited to the account of the partner having the larger share?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:2:1. On dissolution of the firm, the realisation loss is ₹66,000. How much will be debited to C’s capital account?
Class 12 · Accountancy
→A and B share profits and losses in the ratio of 7:5. On dissolution of the firm, a realisation profit of ₹72,000 was earned. What amount will be credited to B’s capital account?
Class 12 · Accountancy
→If credit total of realisation account exceeds debit total by ₹36000 then what is it?
Class 12 · Accountancy
→If debit total of realisation account exceeds credit total then what is transferred to partners' capital accounts?
Class 12 · Accountancy
→When is the final balance of realisation account transferred to capital accounts?
Class 12 · Accountancy
→B is entitled to ₹3000 commission for realisation work. What happens in B's capital account?
Class 12 · Accountancy
→Commission payable to a partner on dissolution is recorded on which side of capital account?
Class 12 · Accountancy
→A is to receive fixed ₹5000 for realisation expenses. Actual expenses are ₹6500. If A must bear the expenses himself then how much is credited to A?
Class 12 · Accountancy
→If a partner is to receive a fixed amount for realisation expenses and actual expense is more than that then who bears the extra expense?
Class 12 · Accountancy
→If realisation expenses are paid by the firm then what is the direct effect on partners' capital accounts?
Class 12 · Accountancy
→B takes over firm's unrecorded warranty liability of ₹9000. What will happen in B's capital account?
Class 12 · Accountancy
→If a partner takes over an unrecorded liability then what happens to his capital account?
Class 12 · Accountancy
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