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Class 12 · Accountancy
→On dissolution, what does a credit balance in a partner's capital account indicate?
Class 12 · Accountancy
→What does closing partners' capital accounts at the end of dissolution mean?
Class 12 · Accountancy
→In which situation does a partner's capital account show a credit balance?
Class 12 · Accountancy
→A B C have capitals ₹50000 ₹40000 and ₹30000 respectively. Realisation loss is ₹24000 and ratio is 2:1:1. What is A's final capital?
Class 12 · Accountancy
→Before dissolution A's capital is ₹40000 and B's capital is ₹30000. Realisation profit is ₹14000 and ratio is 4:3. What is B's adjusted capital?
Class 12 · Accountancy
→If profit sharing ratio is not given how will profit or loss be shared on dissolution?
Class 12 · Accountancy
→In which ratio is realisation profit or loss distributed in partners' capital accounts?
Class 12 · Accountancy
→If partial amount is received from an insolvent partner then what is the effect on his capital account?
Class 12 · Accountancy
→If a partner cannot pay the firm and does not have enough private assets then what is he called?
Class 12 · Accountancy
→C's capital is credit ₹20000. C takes over a creditor of ₹5000 and his share of realisation loss is ₹7000. What is the final credit balance?
Class 12 · Accountancy
→B's capital is credit ₹30000. Share of realisation loss is ₹6000 and drawings are ₹4000. What is final payment to B?
Class 12 · Accountancy
→A's capital is credit ₹50000. A takes an asset of ₹12000 and his share of realisation profit is ₹8000. What is the final amount payable?
Class 12 · Accountancy
→If C's capital account has final debit balance ₹9000 then what is the correct closing entry?
Class 12 · Accountancy
→If A's capital account has final credit balance ₹38000 then what is the correct closing entry?
Class 12 · Accountancy
→Final payment of partners' capital accounts on dissolution is made through which account?
Class 12 · Accountancy
→If A's capital is credit ₹45000 and interest on drawings is ₹2500 then how much will A receive after adjustment?
Class 12 · Accountancy
→Interest on drawings is recorded on which side of a partner's capital account on dissolution?
Class 12 · Accountancy
→If interest on capital is outstanding on dissolution what is generally done in the partner's capital account?
Class 12 · Accountancy
→If B's capital is credit ₹70000 and drawings are ₹8000 then what is the balance after adjusting drawings?
Class 12 · Accountancy
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