Search questions
Choose which content to search, then combine terms with AND or OR.
Class 12 · Accountancy · Hard
→If a partner brings goods as capital and agreed value of goods is higher than cost which value should be taken in capital account?
Class 12 · Accountancy · Hard
→A contributed equipment as capital. Agreed value is sixty thousand rupees and firm took over liability of twelve thousand rupees on it. If he also brought five thousand cash what is total credit to capital account?
Class 12 · Accountancy · Hard
→Under fluctuating capital method A capital is debit fifteen thousand rupees and he brings additional capital of twenty thousand rupees. What will be the new balance?
Class 12 · Accountancy · Hard
→Under fixed capital method A capital is one lakh rupees and current account has debit balance twenty thousand rupees. If current account is adjusted against capital what will be new capital balance?
Class 12 · Accountancy · Hard
→If share of loss was credited like interest on capital instead of being debited in capital account and amount is ten thousand rupees how much will capital be overstated?
Class 12 · Accountancy · Hard
→Under fixed capital method interest on capital should have been credited to current account but was wrongly credited to drawings account. What is the basic effect?
Class 12 · Accountancy · Hard
→Under fluctuating capital method A capital account finally shows credit eighty thousand rupees. If interest on drawings of four thousand rupees was omitted what is correct closing balance?
Class 12 · Accountancy · Hard
→A and B adjusted capitals are one lakh thirty five thousand and ninety thousand rupees. Capitals should be in ratio three to two. Is any adjustment required?
Class 12 · Accountancy · Hard
→A B and C adjusted capitals are one lakh twenty thousand eighty thousand and sixty thousand rupees respectively. Capitals must be maintained in ratio two to two to one and total capital remains same. What should C do?
Class 12 · Accountancy · Hard
→Under fixed capital method B current account has opening debit balance of nine thousand rupees. Profit share is fourteen thousand rupees commission is six thousand rupees drawings are eighteen thousand rupees and interest on drawings is four thousand rupees. What is closing balance?
Class 12 · Accountancy · Hard
→Under fixed capital method A current account has opening credit balance of twelve thousand rupees. Salary is eighteen thousand rupees interest on capital is seven thousand rupees share of loss is nine thousand rupees drawings are sixteen thousand rupees and interest on drawings is two thousand rupees. What is closing current account balance?
Class 12 · Accountancy · Hard
→B closing capital is one lakh forty thousand rupees. During the year additional capital was thirty thousand rupees profit share was twenty thousand rupees drawings were fifteen thousand rupees and interest on drawings was five thousand rupees. Under fluctuating method what was opening capital?
Class 12 · Accountancy · Hard
→Under fluctuating capital method A opening capital is two lakh rupees. During the year additional capital is twenty five thousand rupees interest on capital is ten thousand rupees profit share is eighteen thousand rupees drawings are twenty two thousand rupees and interest on drawings is three thousand rupees. What is closing capital?
Class 12 · Accountancy · Expert
→In a complex capital accounts question which check is most useful before final answer?
Class 12 · Accountancy · Hard
→If partner A accidentally deposits personal borrowing into the firm's bank account and it is treated as capital, what is the correction?
Class 12 · Accountancy · Expert
→If capital accounts show only opening capital additional capital and capital withdrawal and separate current accounts exist which method is used?
Class 12 · Accountancy · Expert
→If all items such as salary drawings profit and interest are recorded in a partners capital account which method is indicated?
Class 12 · Accountancy · Expert
→If the firm returned capital to a partner but treated it as drawings what is the main difference?
Class 12 · Accountancy · Expert
→If a partner brings an asset as capital but its value is recorded too high what will be the effect on capital account?
Class 12 · Accountancy · Expert
→