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Class 12 · Accountancy
→If the debit balance of the Profit and Loss Account is ₹24,000 and A and B share profits in the ratio of 3:1, how much will be debited to A’s Capital Account?
Class 12 · Accountancy
→Debit balance of profit and loss account is distributed how on dissolution?
Class 12 · Accountancy
→At the time of dissolution of a partnership firm, the general reserve is ₹30,000. If A, B and C share profits in the ratio 2:2:1, how much will be credited to C’s account?
Class 12 · Accountancy
→How is accumulated loss transferred to partners' capital accounts on dissolution?
Class 12 · Accountancy
→General reserve is transferred to which side of partners' capital accounts on dissolution?
Class 12 · Accountancy
→After outside liabilities and before return of capital what is paid?
Class 12 · Accountancy
→How are a partner's private assets and private liabilities treated in the firm's accounts on dissolution?
Class 12 · Accountancy
→If A is to receive ₹10000 for realisation and it includes expenses. A paid expenses of ₹3000. How much will be credited to A's capital account?
Class 12 · Accountancy
→If remuneration includes all realisation expenses and the partner pays those expenses himself then what separate amount will the firm pay?
Class 12 · Accountancy
→A is entitled to ₹7000 remuneration for realisation work and he paid no expenses. What will happen in A's capital account?
Class 12 · Accountancy
→If remuneration is payable to a partner for realisation work then what is done in his capital account?
Class 12 · Accountancy
→If C pays realisation expenses of ₹4000 on behalf of the firm then what will be recorded in C's capital account?
Class 12 · Accountancy
→What is the correct effect when a partner pays realisation expenses on behalf of the firm?
Class 12 · Accountancy
→If B takes over a creditor of ₹25000 then how much will be credited to B's capital account?
Class 12 · Accountancy
→If a partner takes over a firm's liability then what is recorded in his capital account?
Class 12 · Accountancy
→If A takes over machinery worth ₹18000 then what is the effect on A's capital account?
Class 12 · Accountancy
→An asset taken over by a partner on dissolution is recorded on which side of that partner's capital account?
Class 12 · Accountancy
→According to the Garner v. Murray rule, if the final capitals of solvent partners A and B are ₹40,000 and ₹60,000 respectively, and partner C has a deficiency of ₹20,000, how much of this deficiency will be borne by partner A?
Class 12 · Accountancy
→Under Garner vs Murray rule the capital deficiency of an insolvent partner is generally borne in which ratio?
Class 12 · Accountancy
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