A. अंत में सभी पूंजी खाते भुगतान या वसूली से बंद हो जाएं/All capital accounts close by payment or recovery at the end
Step 1
Concept
After dissolution no balance should remain in capital accounts. Check accuracy through final closing entry in exams.
Step 2
Why this answer is correct
The correct answer is A. अंत में सभी पूंजी खाते भुगतान या वसूली से बंद हो जाएं / All capital accounts close by payment or recovery at the end. After dissolution no balance should remain in capital accounts. Check accuracy through final closing entry in exams.
Step 3
Exam Tip
विघटन पूरा होने पर पूंजी खातों में कोई शेष नहीं रहना चाहिए। परीक्षा में अंतिम closing entry से accuracy check करें।
A. पहले सभी समायोजन फिर भुगतान या वसूली/First all adjustments then payment or recovery
Step 1
Concept
First adjust all reserves, losses, assets, liabilities and expenses. Then pay or recover according to final balance.
Step 2
Why this answer is correct
The correct answer is A. पहले सभी समायोजन फिर भुगतान या वसूली / First all adjustments then payment or recovery. First adjust all reserves, losses, assets, liabilities and expenses. Then pay or recover according to final balance.
Step 3
Exam Tip
पहले सभी reserves, losses, assets, liabilities और expenses समायोजित करें। फिर अंतिम balance के अनुसार भुगतान या वसूली करें।
A. जब देनदारों की हानि समायोजित कर शेष बच जाए/When balance remains after adjusting loss on debtors
Step 1
Concept
Remaining provision may be given to partners like accumulated profit. First adjust related debtor loss in exams.
Step 2
Why this answer is correct
The correct answer is A. जब देनदारों की हानि समायोजित कर शेष बच जाए / When balance remains after adjusting loss on debtors. Remaining provision may be given to partners like accumulated profit. First adjust related debtor loss in exams.
Step 3
Exam Tip
प्रावधान का शेष हिस्सा संचित लाभ जैसा साझेदारों को दिया जा सकता है। परीक्षा में पहले संबंधित debtor loss adjust करें।
A. लाभ अनुपात में क्रेडिट/Credited in profit sharing ratio
Step 1
Concept
It is a reserve like accumulated profit so it is credited to partners. Identify reserves by their nature in exams.
Step 2
Why this answer is correct
The correct answer is A. लाभ अनुपात में क्रेडिट / Credited in profit sharing ratio. It is a reserve like accumulated profit so it is credited to partners. Identify reserves by their nature in exams.
Step 3
Exam Tip
यह संचित लाभ जैसा आरक्षित है इसलिए साझेदारों को क्रेडिट किया जाता है। परीक्षा में reserve को उसके स्वभाव से पहचानें।
Taking stock is like taking an asset so capital account is debited. In exams debit partner capital for stock taken over.
Step 2
Why this answer is correct
The correct answer is B. डेबिट / Debit. Taking stock is like taking an asset so capital account is debited. In exams debit partner capital for stock taken over.
Step 3
Exam Tip
माल लेना संपत्ति लेने जैसा है इसलिए पूंजी खाता डेबिट होगा। परीक्षा में stock taken over को partner capital debit करें।
Bringing private asset benefits the firm so the partner's capital account is credited. Treat it as partner's contribution in exams.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट / Credit. Bringing private asset benefits the firm so the partner's capital account is credited. Treat it as partner's contribution in exams.
Step 3
Exam Tip
निजी संपत्ति लाने से फर्म को लाभ मिलता है इसलिए साझेदार का पूंजी खाता क्रेडिट होता है। परीक्षा में इसे साझेदार का योगदान मानें।
Commission is an amount payable to the partner so it is credited to capital. Treat it like remuneration in exams.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट ओर / Credit side. Commission is an amount payable to the partner so it is credited to capital. Treat it like remuneration in exams.
Step 3
Exam Tip
कमीशन साझेदार को मिलने वाली राशि है इसलिए पूंजी खाते में क्रेडिट होता है। परीक्षा में कमीशन को remuneration जैसा मानें।
Taking over a liability benefits the firm so the partner is credited. In exams credit capital for liability taken over.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट / Credit. Taking over a liability benefits the firm so the partner is credited. In exams credit capital for liability taken over.
Step 3
Exam Tip
देनदारी अपने ऊपर लेना फर्म के लिए लाभ है इसलिए साझेदार को क्रेडिट किया जाता है। परीक्षा में liability taken over को capital credit करें।
Advertisement suspense account is like deferred expenditure or accumulated loss. Debit it in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is B. डेबिट ओर / Debit side. Advertisement suspense account is like deferred expenditure or accumulated loss. Debit it in profit sharing ratio.
Step 3
Exam Tip
विज्ञापन उचंत खाता लिखित अपव्यय या संचित हानि जैसा होता है। इसे लाभ अनुपात में डेबिट करें।
B. क्रेडिट में लाभ अनुपात से/Credit in profit sharing ratio
Step 1
Concept
Joint life policy reserve is like accumulated profit. Credit it to partners' capital accounts in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट में लाभ अनुपात से / Credit in profit sharing ratio. Joint life policy reserve is like accumulated profit. Credit it to partners' capital accounts in the profit sharing ratio.
Step 3
Exam Tip
संयुक्त जीवन बीमा पॉलिसी आरक्षित संचित लाभ जैसा होता है। इसे साझेदारों के पूंजी खातों में लाभ अनुपात से क्रेडिट करें।
If there is no claim it is credited to partners like accumulated profit. If claim exists, distribute only the remaining amount.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट किया जाता है / Credited. If there is no claim it is credited to partners like accumulated profit. If claim exists, distribute only the remaining amount.
Step 3
Exam Tip
दावा न होने पर यह संचित लाभ की तरह साझेदारों को क्रेडिट होता है। परीक्षा में claim होने पर केवल शेष राशि बांटें।
A. पूंजी खाता जमा होगा/Capital account will be credited
Step 1
Concept
The partner paid the firm's liability, so the firm owes him. In such a case, credit the partner's capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता जमा होगा / Capital account will be credited. The partner paid the firm's liability, so the firm owes him. In such a case, credit the partner's capital account.
Step 3
Exam Tip
साझेदार ने फर्म की देनदारी चुकाई इसलिए फर्म उस पर देनदार है। ऐसी स्थिति में साझेदार का पूंजी खाता जमा करें।
A. साझेदार द्वारा संपत्ति ली गई/Asset taken over by partner
Step 1
Concept
When a partner takes an asset, he receives value from the firm. Therefore his capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. साझेदार द्वारा संपत्ति ली गई / Asset taken over by partner. When a partner takes an asset, he receives value from the firm. Therefore his capital account is debited.
Step 3
Exam Tip
संपत्ति लेने पर साझेदार फर्म से मूल्य लेता है। इसलिए उसका पूंजी खाता नामित किया जाता है।
Unrecorded liability is recorded at accepted amount. The partner taking it is credited in capital account.
Step 2
Why this answer is correct
The correct answer is A. स्वीकार की गई राशि पर / At accepted amount. Unrecorded liability is recorded at accepted amount. The partner taking it is credited in capital account.
Step 3
Exam Tip
अविलेखित देनदारी स्वीकार की गई राशि पर लिखी जाती है। इसे लेने वाले साझेदार का पूंजी खाता जमा होता है।
Payment will reduce by four thousand due to loan recovery. Therefore net payment is twenty four thousand rupees.
Step 2
Why this answer is correct
The correct answer is A. चौबीस हजार रुपये / ₹24,000. Payment will reduce by four thousand due to loan recovery. Therefore net payment is twenty four thousand rupees.
Step 3
Exam Tip
ऋण वसूली के कारण भुगतान चार हजार रुपये घटेगा। इसलिए शुद्ध भुगतान चौबीस हजार रुपये होगा।
When cash is received from partner, his due amount reduces. Therefore a credit entry is made in capital account.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. When cash is received from partner, his due amount reduces. Therefore a credit entry is made in capital account.
Step 3
Exam Tip
साझेदार से नकद मिलने पर उसकी देय राशि कम होती है। इसलिए पूंजी खाते में जमा प्रविष्टि होती है।
Remuneration is income of the partner. Therefore eight thousand rupees will be credited to his capital account.
Step 2
Why this answer is correct
The correct answer is A. आठ हजार रुपये जमा / Credit ₹8,000. Remuneration is income of the partner. Therefore eight thousand rupees will be credited to his capital account.
Step 3
Exam Tip
पारिश्रमिक साझेदार की आय है। इसलिए उसके पूंजी खाते में आठ हजार रुपये जमा किए जाएंगे।
A. क्योंकि यह संचित लाभ है/Because it is accumulated profit
Step 1
Concept
General reserve is accumulated profit of the firm. Credit it to capital accounts in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह संचित लाभ है / Because it is accumulated profit. General reserve is accumulated profit of the firm. Credit it to capital accounts in profit sharing ratio.
Step 3
Exam Tip
सामान्य आरक्षित निधि फर्म का संचित लाभ होती है। इसे लाभ-विभाजन अनुपात में पूंजी खातों में जमा करें।
A. पूंजी खाता नामित होगा/Capital account will be debited
Step 1
Concept
Taking an asset gives value to the partner. Therefore his capital account is debited by the agreed value.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता नामित होगा / Capital account will be debited. Taking an asset gives value to the partner. Therefore his capital account is debited by the agreed value.
Step 3
Exam Tip
संपत्ति लेने से साझेदार को मूल्य मिलता है। इसलिए उसका पूंजी खाता सहमत मूल्य से नामित होता है।
Realisation profit increases partner's capital. Therefore it is recorded on the credit side of capital account.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति लाभ / Realisation profit. Realisation profit increases partner's capital. Therefore it is recorded on the credit side of capital account.
Step 3
Exam Tip
प्राप्ति लाभ साझेदार की पूंजी बढ़ाता है। इसलिए इसे पूंजी खाते के जमा पक्ष में लिखा जाता है।
A. उसका पूंजी खाता जमा होगा/His capital account will be credited
Step 1
Concept
The partner paid on behalf of the firm, so the firm owes him. Therefore credit his capital account.
Step 2
Why this answer is correct
The correct answer is A. उसका पूंजी खाता जमा होगा / His capital account will be credited. The partner paid on behalf of the firm, so the firm owes him. Therefore credit his capital account.
Step 3
Exam Tip
साझेदार ने फर्म की ओर से भुगतान किया है इसलिए फर्म उस पर देनदार है। इसलिए पूंजी खाते में जमा करें।
A. रोकड़ खाता नामित होगा/Cash account will be debited
Step 1
Concept
When cash is received from partner, cash increases. Therefore cash account is debited.
Step 2
Why this answer is correct
The correct answer is A. रोकड़ खाता नामित होगा / Cash account will be debited. When cash is received from partner, cash increases. Therefore cash account is debited.
Step 3
Exam Tip
साझेदार से नकद मिलने पर नकद बढ़ता है। इसलिए रोकड़ खाता नामित होता है।
When amount is received from insolvent partner, his due amount reduces. Therefore it is credited to his capital account.
Step 2
Why this answer is correct
The correct answer is A. जमा पक्ष / Credit side. When amount is received from insolvent partner, his due amount reduces. Therefore it is credited to his capital account.
Step 3
Exam Tip
दिवालिया साझेदार से राशि मिलने पर उसकी देय राशि घटती है। इसलिए उसके पूंजी खाते में जमा किया जाता है।
Unrecorded investment is also an asset. When a partner takes it, his capital account is debited.
Step 2
Why this answer is correct
The correct answer is A. नामित होगा / It will be debited. Unrecorded investment is also an asset. When a partner takes it, his capital account is debited.
Step 3
Exam Tip
अविलेखित निवेश भी संपत्ति है। साझेदार द्वारा लेने पर उसका पूंजी खाता नामित होता है।
Commission is receivable by the partner, so it is credited to capital account. Recognizing payable income is important.
Step 2
Why this answer is correct
The correct answer is A. जमा होगा / It will be credited. Commission is receivable by the partner, so it is credited to capital account. Recognizing payable income is important.
Step 3
Exam Tip
कमीशन साझेदार की प्राप्ति है इसलिए पूंजी खाते में जमा किया जाता है। देय आय को पहचानना जरूरी है।
A. पूंजी खाता जमा होगा/Capital account will be credited
Step 1
Concept
Interest on capital is income of the partner. It is credited to capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाता जमा होगा / Capital account will be credited. Interest on capital is income of the partner. It is credited to capital account.
Step 3
Exam Tip
पूंजी पर ब्याज साझेदार की आय है। इसे पूंजी खाते में जमा किया जाता है।
Debit balance of current account is recoverable from partner. It is debited to capital account.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते में नाम / Debited to capital account. Debit balance of current account is recoverable from partner. It is debited to capital account.
Step 3
Exam Tip
चालू खाते का नाम शेष साझेदार से वसूल योग्य है। इसे पूंजी खाते में नामित किया जाता है।
