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Class 12 · Accountancy
→If K and Kh share profits equally and realisation loss is eighteen thousand rupees, how much will be debited to Kh's capital account?
Class 12 · Accountancy
→If A and B share profits in the ratio three is to two and realisation profit is fifty thousand rupees, how much will be credited to A's capital account?
Class 12 · Accountancy
→If interest on drawings is receivable from a partner, on dissolution it is recorded on which side of his capital account?
Class 12 · Accountancy
→If interest on a partner’s capital is due, on which side of the partner’s capital account will it be recorded at the time of dissolution?
Class 12 · Accountancy
→On dissolution, how will outstanding salary payable to a partner be recorded in his capital account?
Class 12 · Accountancy
→On dissolution, where is the debit balance of a partner's drawings account transferred?
Class 12 · Accountancy
→If a partner is to receive remuneration for dissolution work, what is the effect on his capital account?
Class 12 · Accountancy
→If dissolution expenses are paid by a partner on behalf of the firm, what happens to that partner's capital account?
Class 12 · Accountancy
→If dissolution expenses are paid in cash by the firm, what is the direct effect on partners' capital accounts?
Class 12 · Accountancy
→If a partner takes responsibility to pay creditors, what happens to his capital account?
Class 12 · Accountancy
→If a partner takes over furniture, on which side will it be recorded in his capital account?
Class 12 · Accountancy
→On dissolution, how is the surplus amount of workmen compensation reserve distributed among partners?
Class 12 · Accountancy
→On dissolution, how is the debit balance of profit and loss account recorded in partners' capital accounts?
Class 12 · Accountancy
→On dissolution, how is the credit balance of profit and loss account distributed among partners' capital accounts?
Class 12 · Accountancy
→On dissolution, the balance of general reserve is recorded on which side of partners' capital accounts?
Class 12 · Accountancy
→If there is loss in realisation account, what entry is made in partners' capital accounts?
Class 12 · Accountancy
→If there is profit in realisation account, what entry is made in partners' capital accounts?
Class 12 · Accountancy
→On dissolution, when is a partner's loan account kept separate from his capital account?
Class 12 · Accountancy
→If capital accounts are maintained under fixed capital method, where is the current account balance transferred on dissolution?
Class 12 · Accountancy
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