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Class 12 · Accountancy
→On dissolution, how is a fictitious asset like deferred advertisement expense distributed among partners?
Class 12 · Accountancy
→At the time of dissolution, when is the balance of the life policy reserve transferred to the partners’ capital accounts?
Class 12 · Accountancy
→If a partner’s Capital Account already shows a debit balance, what does it indicate on dissolution?
Class 12 · Accountancy
→On dissolution, opening capital balance is generally written on which side of capital account?
Class 12 · Accountancy
→If a partner takes over a liability of ₹9,000 and also takes goods worth ₹3,000, what is the net effect on the partner’s Capital Account?
Class 12 · Accountancy
→If a partner takes over stock worth ₹10,000 and also pays ₹2,000 in cash to the firm, what is the net effect on the partner’s Capital Account?
Class 12 · Accountancy
→If an unrecorded liability is taken over by a partner on dissolution, what happens in the partner's capital account?
Class 12 · Accountancy
→If an unrecorded asset is taken over by a partner on dissolution, what happens in the partner's capital account?
Class 12 · Accountancy
→When cash is received from a partner, on which side is it recorded in his capital account?
Class 12 · Accountancy
→In partners' capital accounts, cash payment to partners is recorded on which side?
Class 12 · Accountancy
→Under Garner versus Murray rule, in which ratio is deficiency borne by solvent partners?
Class 12 · Accountancy
→If an insolvent partner cannot pay his full capital deficiency, on whom is the remaining deficiency generally borne?
Class 12 · Accountancy
→The Garner versus Murray rule is generally related to which situation?
Class 12 · Accountancy
→If a partner's capital account has final debit balance of seven thousand rupees, what does it mean?
Class 12 · Accountancy
→At the time of dissolution, if a partner's capital account shows a final credit balance of ₹22,000, what will the firm do?
Class 12 · Accountancy
→If partner Ravi is to receive five thousand rupees as remuneration for dissolution work, what happens in Ravi's capital account?
Class 12 · Accountancy
→If partner Neelam pays dissolution expenses of ₹4,000 on behalf of the firm, what entry will be made in Neelam’s capital account?
Class 12 · Accountancy
→If a partner takes over bills payable of fifteen thousand rupees, how much will be credited to his capital account?
Class 12 · Accountancy
→If a partner takes over a vehicle worth twelve thousand rupees, how much will be debited to his capital account?
Class 12 · Accountancy
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