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Class 12 · Accountancy
→If capital account has credit balance of thirty thousand rupees and the partner owes a loan of five thousand rupees to the firm, what is the net payment?
Class 12 · Accountancy
→If a partner owes a loan to the firm, how is it treated in final settlement?
Class 12 · Accountancy
→If the loan payable to a partner is ₹20,000, in which account will it be shown?
Class 12 · Accountancy
→Why can a partner's loan account be paid before capital account?
Class 12 · Accountancy
→On dissolution, how is debit balance of a partner's current account transferred to capital account?
Class 12 · Accountancy
→At the time of dissolution, how is the credit balance of a partner’s current account transferred to the capital account?
Class 12 · Accountancy
→When final cash payment is made to a partner, on which side is it recorded in his capital account?
Class 12 · Accountancy
→On dissolution, additional cash contributed by a partner to the firm is recorded on which side of his capital account?
Class 12 · Accountancy
→If a partner takes liability of eleven thousand rupees and also takes an asset of four thousand rupees, what is the net effect?
Class 12 · Accountancy
→If stock taken by a partner is worth eight thousand rupees and he also pays two thousand rupees cash, what is the net effect in capital account?
Class 12 · Accountancy
→If a partner takes over outstanding expenses of six thousand rupees, what will be recorded in his capital account?
Class 12 · Accountancy
→If a partner takes over a machine worth twenty thousand rupees and pays no cash, what happens in his capital account?
Class 12 · Accountancy
→If two partners share in the ratio one is to three and realisation loss is sixteen thousand rupees, how much loss will the first partner bear?
Class 12 · Accountancy
→If K and Kh share in the ratio five is to three and realisation profit is thirty two thousand rupees, how much will Kh receive?
Class 12 · Accountancy
→If A and B are partners sharing profits equally and the firm’s general reserve is ₹14,000, what amount will be transferred to A’s Capital Account at the time of dissolution?
Class 12 · Accountancy
→On dissolution, accumulated losses are recorded on which side of partners' capital accounts?
Class 12 · Accountancy
→On dissolution, accumulated profits are recorded on which side of partners' capital accounts?
Class 12 · Accountancy
→If a partner takes responsibility to pay outstanding rent of the firm, what happens in his capital account?
Class 12 · Accountancy
→If a partner takes goods from the firm for personal use, what happens in the capital account?
Class 12 · Accountancy
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