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Class 12 · Accountancy
→Interest on capital payable is recorded on which side of a partner's capital account on dissolution?
Class 12 · Accountancy
→If a partner's capital account has credit balance of twenty eight thousand rupees and the firm has to recover loan of four thousand rupees from him, what is the net payment?
Class 12 · Accountancy
→If a partner owes a loan to the firm, what is its effect in final settlement?
Class 12 · Accountancy
→Why is loan payable to a partner kept separate from capital account?
Class 12 · Accountancy
→What is the effect on capital when debit balance of current account is transferred to capital account?
Class 12 · Accountancy
→What is the effect on capital when credit balance of current account is transferred to capital account?
Class 12 · Accountancy
→Under fixed capital method, where is current account balance transferred before final settlement?
Class 12 · Accountancy
→When cash is received from a partner on dissolution, on which side is the capital account recorded?
Class 12 · Accountancy
→In the entry for final payment to a partner on dissolution, on which side is the capital account recorded?
Class 12 · Accountancy
→If a partner's capital account has a debit balance of ₹9,000 and the partner pays ₹5,000 to the firm, what balance will remain in the account?
Class 12 · Accountancy
→If capital account has credit balance of twenty six thousand rupees and the partner takes an asset of four thousand rupees, what balance remains before payment?
Class 12 · Accountancy
→If eight thousand rupees remuneration is payable to a partner for dissolution work, what happens in capital account?
Class 12 · Accountancy
→If a partner pays dissolution expenses of three thousand rupees on behalf of the firm, what happens in his capital account?
Class 12 · Accountancy
→If a partner takes liability of sixteen thousand rupees and goods worth six thousand rupees, what is the net effect?
Class 12 · Accountancy
→If a partner takes an asset of five thousand rupees and pays one thousand rupees cash, what is the net effect?
Class 12 · Accountancy
→If a partner takes over creditors of thirteen thousand rupees, what will be recorded in his capital account?
Class 12 · Accountancy
→If a partner takes furniture worth seven thousand rupees, what will be recorded in his capital account?
Class 12 · Accountancy
→Three partners share profits in the ratio 1:2:3, and the reserve is ₹18,000. How much will the third partner receive?
Class 12 · Accountancy
→If A and B share in the ratio two is to three and realisation loss is twenty five thousand rupees, how much loss will A bear?
Class 12 · Accountancy
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