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. साझेदारों के पूंजी खातों में क्रेडिट/Credit to partners' capital accounts
Step 1
Concept
After deducting investment loss the remaining reserve goes to partners like accumulated profit. Distribute the balance in profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. साझेदारों के पूंजी खातों में क्रेडिट / Credit to partners' capital accounts. After deducting investment loss the remaining reserve goes to partners like accumulated profit. Distribute the balance in profit sharing ratio.
Step 3
Exam Tip
निवेश हानि घटाने के बाद बची reserve राशि संचित लाभ की तरह साझेदारों को मिलती है। परीक्षा में balance को लाभ अनुपात में बांटें।
Investment loss exceeds the reserve so no balance is left for partners. Excess loss goes to realisation account in exams.
Step 2
Why this answer is correct
The correct answer is C. शून्य / Nil. Investment loss exceeds the reserve so no balance is left for partners. Excess loss goes to realisation account in exams.
Step 3
Exam Tip
निवेश हानि आरक्षित से अधिक है इसलिए कोई शेष राशि साझेदारों को नहीं मिलेगी। परीक्षा में excess loss वसूली खाते में जाएगा।
Claim is more than the reserve so no reserve balance goes to partners. Only remaining reserve is credited to capital in exams.
Step 2
Why this answer is correct
The correct answer is C. शून्य / Nil. Claim is more than the reserve so no reserve balance goes to partners. Only remaining reserve is credited to capital in exams.
Step 3
Exam Tip
दावा आरक्षित से अधिक है इसलिए साझेदारों को कोई शेष आरक्षित नहीं मिलेगा। परीक्षा में केवल बची हुई reserve राशि ही capital में credit होती है।
Claim over reserve is a firm's loss and goes to realisation account. First adjust reserve and take excess to realisation in exams.
Step 2
Why this answer is correct
The correct answer is A. वसूली खाता / Realisation account. Claim over reserve is a firm's loss and goes to realisation account. First adjust reserve and take excess to realisation in exams.
Step 3
Exam Tip
आरक्षित से अधिक दावा फर्म की हानि है और वसूली खाते में जाएगा। परीक्षा में reserve पहले adjust करें और excess को realisation में लें।
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 gives debit and paying firm expenses gives credit. Net effect is ₹14500 minus ₹3500 which is debit ₹11000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 11000 डेबिट / Debit ₹11000. Taking stock gives debit and paying firm expenses gives credit. Net effect is ₹14500 minus ₹3500 which is debit ₹11000.
Step 3
Exam Tip
माल लेने पर डेबिट और खर्च चुकाने पर क्रेडिट होता है। शुद्ध प्रभाव रुपये 14,500 घट रुपये 3,500 यानी रुपये 11,000 डेबिट है।
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।
Right to collect debtors is like taking an asset so the partner's capital account is debited. Treat debtors taken over as asset taken over.
Step 2
Why this answer is correct
The correct answer is A. डेबिट / Debit. Right to collect debtors is like taking an asset so the partner's capital account is debited. Treat debtors taken over as asset taken over.
Step 3
Exam Tip
देनदार वसूलने का अधिकार संपत्ति लेने जैसा है इसलिए साझेदार का पूंजी खाता डेबिट होगा। परीक्षा में debtors taken over को asset taken over मानें।
Taking over liability credits capital with the agreed amount ₹26000. Do not directly use book amount in exams.
Step 2
Why this answer is correct
The correct answer is B. रुपये 26000 क्रेडिट / Credit ₹26000. Taking over liability credits capital with the agreed amount ₹26000. Do not directly use book amount in exams.
Step 3
Exam Tip
देनदारी लेने पर पूंजी खाता सहमत राशि रुपये 26,000 से क्रेडिट होगा। परीक्षा में पुस्तक राशि को सीधे न लिखें।
When a liability is taken over the partner is credited with the agreed liability amount. Record the agreed settlement amount in exams.
Step 2
Why this answer is correct
The correct answer is B. सहमत देनदारी मूल्य / Agreed liability value. When a liability is taken over the partner is credited with the agreed liability amount. Record the agreed settlement amount in exams.
Step 3
Exam Tip
देनदारी लेने पर साझेदार को सहमत देनदारी राशि से क्रेडिट किया जाता है। परीक्षा में agreed settlement amount लिखें।
Only the agreed takeover value is debited to the partner's capital account. Do not get confused by book value in exams.
Step 2
Why this answer is correct
The correct answer is B. रुपये 18000 / ₹18000. Only the agreed takeover value is debited to the partner's capital account. Do not get confused by book value in exams.
Step 3
Exam Tip
साझेदार को लेने का सहमत मूल्य ही पूंजी खाते में डेबिट होता है। परीक्षा में book value से भ्रमित न हों।
The partner's capital account records the agreed takeover value. In exams use agreed value, not book value.
Step 2
Why this answer is correct
The correct answer is B. सहमत मूल्य / Agreed value. The partner's capital account records the agreed takeover value. In exams use agreed value, not book value.
Step 3
Exam Tip
साझेदार के पूंजी खाते में हमेशा सहमत लेने का मूल्य लिखा जाता है। परीक्षा में पुस्तक मूल्य नहीं बल्कि agreed value देखें।
B gave a private asset for the firm so his capital account is credited. In exams treat private contribution as increase in capital.
Step 2
Why this answer is correct
The correct answer is B. रुपये 40000 क्रेडिट / Credit ₹40000. B gave a private asset for the firm so his capital account is credited. In exams treat private contribution as increase in capital.
Step 3
Exam Tip
ब ने फर्म के लिए निजी संपत्ति दी इसलिए उसका पूंजी खाता क्रेडिट होगा। परीक्षा में निजी योगदान को पूंजी वृद्धि समझें।
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।
The firm paid A's private liability so A's capital account is debited. Do not treat a private item as firm's liability in exams.
Step 2
Why this answer is correct
The correct answer is A. रुपये 11000 डेबिट / Debit ₹11000. The firm paid A's private liability so A's capital account is debited. Do not treat a private item as firm's liability in exams.
Step 3
Exam Tip
फर्म ने अ की निजी देनदारी चुकाई इसलिए अ का पूंजी खाता डेबिट होगा। परीक्षा में निजी मद को फर्म की देनदारी न मानें।
Paying a private liability benefits the partner personally so his capital account is debited. Treat private payment like a withdrawal in exams.
Step 2
Why this answer is correct
The correct answer is A. डेबिट / Debit. Paying a private liability benefits the partner personally so his capital account is debited. Treat private payment like a withdrawal in exams.
Step 3
Exam Tip
निजी देनदारी चुकाना साझेदार के लिए व्यक्तिगत लाभ है इसलिए उसका पूंजी खाता डेबिट होगा। परीक्षा में निजी भुगतान को साझेदार की निकासी जैसा मानें।
Asset taken over is debited to the partner's capital account and reduces amount payable. Deduct debit items from final payment in exams.
Step 2
Why this answer is correct
The correct answer is C. संपत्ति अपने पास लेना / Asset taken over. Asset taken over is debited to the partner's capital account and reduces amount payable. Deduct debit items from final payment in exams.
Step 3
Exam Tip
संपत्ति लेने पर साझेदार का पूंजी खाता डेबिट होता है और देय राशि घटती है। परीक्षा में debit items को final payment से घटाएं।
Credit items increase the partner's claim. In exams keep profit and reserves on the credit side.
Step 2
Why this answer is correct
The correct answer is A. वसूली लाभ / Realisation profit. Credit items increase the partner's claim. In exams keep profit and reserves on the credit side.
Step 3
Exam Tip
क्रेडिट मदें साझेदार के दावे को बढ़ाती हैं। परीक्षा में लाभ और reserve को क्रेडिट side पर रखें।
A. ऋण को अलग से वसूल या समायोजित किया जाता है/Loan is separately recovered or adjusted
Step 1
Concept
Loan to partner is receivable by the firm. Show the separate loan clearly or adjust it as instructed.
Step 2
Why this answer is correct
The correct answer is A. ऋण को अलग से वसूल या समायोजित किया जाता है / Loan is separately recovered or adjusted. Loan to partner is receivable by the firm. Show the separate loan clearly or adjust it as instructed.
Step 3
Exam Tip
साझेदार को दिया गया ऋण फर्म की प्राप्य राशि है। परीक्षा में separate loan को साफ अलग दिखाएं या निर्देश अनुसार समायोजित करें।
A. बाहरी देनदारियां और साझेदार ऋण/Outside liabilities and partner loans
Step 1
Concept
In payment order outside liabilities and partner loans come before return of capital. Do not forget the priority order.
Step 2
Why this answer is correct
The correct answer is A. बाहरी देनदारियां और साझेदार ऋण / Outside liabilities and partner loans. In payment order outside liabilities and partner loans come before return of capital. Do not forget the priority order.
Step 3
Exam Tip
भुगतान क्रम में पूंजी वापसी से पहले बाहरी देनदारियां और साझेदार ऋण आते हैं। परीक्षा में priority order न भूलें।
Deduct debit current account and add realisation profit. ₹18000 minus ₹3000 plus ₹5000 equals credit ₹20000.
Step 2
Why this answer is correct
The correct answer is B. रुपये 20000 क्रेडिट / Credit ₹20000. Deduct debit current account and add realisation profit. ₹18000 minus ₹3000 plus ₹5000 equals credit ₹20000.
Step 3
Exam Tip
डेबिट चालू खाते को घटाएं और वसूली लाभ जोड़ें। रुपये 18000 घट रुपये 3000 जोड़ रुपये 5000 बराबर रुपये 20000 क्रेडिट।
Add commission and deduct asset taken. ₹25000 plus ₹4000 minus ₹6000 equals credit ₹23000.
Step 2
Why this answer is correct
The correct answer is A. रुपये 23000 क्रेडिट / Credit ₹23000. Add commission and deduct asset taken. ₹25000 plus ₹4000 minus ₹6000 equals credit ₹23000.
Step 3
Exam Tip
कमीशन जोड़ें और ली गई संपत्ति घटाएं। रुपये 25000 जोड़ रुपये 4000 घट रुपये 6000 बराबर रुपये 23000 क्रेडिट।
A. आरक्षित और वसूली लाभ हानि जैसे सामान्य समायोजन/Normal adjustments like reserves and realisation profit or loss
Step 1
Concept
Normal capital adjustments are made first then final capital ratio of solvent partners is found. Distribute deficiency at the end.
Step 2
Why this answer is correct
The correct answer is A. आरक्षित और वसूली लाभ हानि जैसे सामान्य समायोजन / Normal adjustments like reserves and realisation profit or loss. Normal capital adjustments are made first then final capital ratio of solvent partners is found. Distribute deficiency at the end.
Step 3
Exam Tip
पहले सामान्य पूंजी समायोजन किए जाते हैं फिर सक्षम साझेदारों की अंतिम पूंजी से अनुपात निकाला जाता है। परीक्षा में deficiency को अंत में बांटें।
