B. सक्षम साझेदारों की अंतिम पूंजी अनुपात में/Ratio of final capitals of solvent partners
Step 1
Concept
Under Garner vs Murray solvent partners bear the deficiency in the ratio of their final capitals. Focus on the words final capitals in exams.
Step 2
Why this answer is correct
The correct answer is B. सक्षम साझेदारों की अंतिम पूंजी अनुपात में / Ratio of final capitals of solvent partners. Under Garner vs Murray solvent partners bear the deficiency in the ratio of their final capitals. Focus on the words final capitals in exams.
Step 3
Exam Tip
गार्नर बनाम मरे नियम में सक्षम साझेदार पूंजी कमी को अपनी अंतिम पूंजी के अनुपात में वहन करते हैं। परीक्षा में अंतिम पूंजी शब्द पर ध्यान दें।
A. जब एक साझेदार पूंजी हानि भरने में असमर्थ हो/When a partner is unable to meet capital deficiency
Step 1
Concept
This rule relates to adjustment of an insolvent partner's capital deficiency. Keep it separate from normal loss distribution in exams.
Step 2
Why this answer is correct
The correct answer is A. जब एक साझेदार पूंजी हानि भरने में असमर्थ हो / When a partner is unable to meet capital deficiency. This rule relates to adjustment of an insolvent partner's capital deficiency. Keep it separate from normal loss distribution in exams.
Step 3
Exam Tip
यह नियम दिवालिया साझेदार की पूंजी कमी के समायोजन से जुड़ा है। परीक्षा में इसे सामान्य हानि वितरण से अलग रखें।
A debit balance means the amount is recoverable from the partner. In exams treat debit capital balance as receivable from partner.
Step 2
Why this answer is correct
The correct answer is B. ब फर्म को राशि देगा / B will pay the firm. A debit balance means the amount is recoverable from the partner. In exams treat debit capital balance as receivable from partner.
Step 3
Exam Tip
डेबिट शेष बताता है कि साझेदार से राशि वसूल करनी है। परीक्षा में डेबिट पूंजी शेष को साझेदार से प्राप्य मानें।
Partner's loan is closed through its separate account. Do not treat loan payment as capital payment in exams.
Step 2
Why this answer is correct
The correct answer is A. साझेदार ऋण खाता / Partner's loan account. Partner's loan is closed through its separate account. Do not treat loan payment as capital payment in exams.
Step 3
Exam Tip
साझेदार ऋण का अलग खाता बंद किया जाता है। परीक्षा में ऋण भुगतान को पूंजी भुगतान न मानें।
A. फर्म द्वारा साझेदार को देय राशि/Amount payable by firm to partner
Step 1
Concept
Partner's loan is a liability of the firm. In exams identify it separately from capital account.
Step 2
Why this answer is correct
The correct answer is A. फर्म द्वारा साझेदार को देय राशि / Amount payable by firm to partner. Partner's loan is a liability of the firm. In exams identify it separately from capital account.
Step 3
Exam Tip
साझेदार का ऋण फर्म की देयता होता है। परीक्षा में इसे पूंजी खाते से अलग पहचानें।
A. उन्हें साझेदारों के पूंजी खातों में स्थानांतरित किया जाता है/They are transferred to partners' capital accounts
Step 1
Concept
Final settlement is made through capital accounts so current account balances are transferred there. Do not forget this step in fixed capital method.
Step 2
Why this answer is correct
The correct answer is A. उन्हें साझेदारों के पूंजी खातों में स्थानांतरित किया जाता है / They are transferred to partners' capital accounts. Final settlement is made through capital accounts so current account balances are transferred there. Do not forget this step in fixed capital method.
Step 3
Exam Tip
अंतिम निपटान पूंजी खातों से होता है इसलिए चालू खाते के शेष पूंजी खातों में लाए जाते हैं। परीक्षा में स्थिर पूंजी में यह चरण न भूलें।
B's share is 3/8 of ₹48000 which is ₹18000. Realisation loss is also shared in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. रुपये 18000 / ₹18000. B's share is 3/8 of ₹48000 which is ₹18000. Realisation loss is also shared in the profit sharing ratio.
Step 3
Exam Tip
ब का हिस्सा रुपये 48000 का 3 बटा 8 यानी रुपये 18000 है। परीक्षा में वसूली हानि भी लाभ अनुपात में बांटी जाती है।
A's share is 3/5 of ₹50000 which is ₹30000. In exams divide realisation profit in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is C. रुपये 30000 / ₹30000. A's share is 3/5 of ₹50000 which is ₹30000. In exams divide realisation profit in the profit sharing ratio.
Step 3
Exam Tip
अ का हिस्सा रुपये 50000 का 3 बटा 5 यानी रुपये 30000 है। परीक्षा में वसूली लाभ को लाभ अनुपात में बांटें।
Realisation loss reduces partners' capital so it is debited. In exams treat loss as a decrease in capital.
Step 2
Why this answer is correct
The correct answer is B. डेबिट ओर / Debit side. Realisation loss reduces partners' capital so it is debited. In exams treat loss as a decrease in capital.
Step 3
Exam Tip
वसूली की हानि साझेदारों की पूंजी घटाती है इसलिए डेबिट की जाती है। परीक्षा में हानि को पूंजी कमी समझें।
Realisation profit increases partners' capital so it is credited. In exams treat profit as an increase in capital.
Step 2
Why this answer is correct
The correct answer is B. क्रेडिट ओर / Credit side. Realisation profit increases partners' capital so it is credited. In exams treat profit as an increase in capital.
Step 3
Exam Tip
वसूली का लाभ साझेदारों की पूंजी बढ़ाता है इसलिए क्रेडिट किया जाता है। परीक्षा में लाभ को पूंजी वृद्धि मानें।
A. साझेदारों से अंतिम देय या प्राप्य राशि दिखाना/To show final amount payable to or receivable from partners
Step 1
Concept
On dissolution capital accounts show the final settlement with partners. Remember them as the accounts for final payment or recovery.
Step 2
Why this answer is correct
The correct answer is A. साझेदारों से अंतिम देय या प्राप्य राशि दिखाना / To show final amount payable to or receivable from partners. On dissolution capital accounts show the final settlement with partners. Remember them as the accounts for final payment or recovery.
Step 3
Exam Tip
विघटन पर पूंजी खाते अंतिम निपटान की राशि बताते हैं। परीक्षा में इन्हें अंतिम भुगतान से जोड़कर याद रखें।
A. साझेदार से संबंधित अंतिम निपटान पूरा हो गया/Final settlement related to the partner is complete
Step 1
Concept
A balanced capital account shows that payable or receivable amount of that partner is settled. In final check, all capital accounts should close.
Step 2
Why this answer is correct
The correct answer is A. साझेदार से संबंधित अंतिम निपटान पूरा हो गया / Final settlement related to the partner is complete. A balanced capital account shows that payable or receivable amount of that partner is settled. In final check, all capital accounts should close.
Step 3
Exam Tip
संतुलित पूंजी खाता बताता है कि उस साझेदार का देय या प्राप्य निपटा दिया गया है। अंतिम जांच में सभी पूंजी खाते बंद होने चाहिए।
Remuneration is receivable by the partner, so it is credited to capital account. It may also appear as an expense in realisation account.
Step 2
Why this answer is correct
The correct answer is A. पांच हजार रुपये जमा / Credit ₹5,000. Remuneration is receivable by the partner, so it is credited to capital account. It may also appear as an expense in realisation account.
Step 3
Exam Tip
पारिश्रमिक साझेदार की प्राप्ति है इसलिए पूंजी खाते में जमा होगा। यह प्राप्ति खाते में व्यय के रूप में भी दिख सकता है।
Interest on drawings is recoverable from the partner, so his capital account is debited. Treat it as an amount due from the partner.
Step 2
Why this answer is correct
The correct answer is A. नाम पक्ष / Debit side. Interest on drawings is recoverable from the partner, so his capital account is debited. Treat it as an amount due from the partner.
Step 3
Exam Tip
आहरण पर ब्याज साझेदार से वसूल होना है इसलिए उसका पूंजी खाता नामित होता है। इसे साझेदार की देय राशि मानें।
A. साझेदार के पूंजी खाते के नाम पक्ष में/Debit side of partner's capital account
Step 1
Concept
Drawings are amounts withdrawn by a partner, so they reduce capital. Transfer them to the debit side of capital account.
Step 2
Why this answer is correct
The correct answer is A. साझेदार के पूंजी खाते के नाम पक्ष में / Debit side of partner's capital account. Drawings are amounts withdrawn by a partner, so they reduce capital. Transfer them to the debit side of capital account.
Step 3
Exam Tip
आहरण साझेदार द्वारा निकाली गई राशि है इसलिए पूंजी घटती है। इसे पूंजी खाते के नाम पक्ष में स्थानांतरित करें।
The partner paid for the firm, so the firm owes him. Therefore his capital account is credited.
Step 2
Why this answer is correct
The correct answer is A. जमा होगा / It will be credited. The partner paid for the firm, so the firm owes him. Therefore his capital account is credited.
Step 3
Exam Tip
साझेदार ने फर्म के लिए भुगतान किया इसलिए फर्म उस पर देनदार बनती है। इसलिए उसका पूंजी खाता जमा किया जाता है।
A. लाभ-विभाजन अनुपात में जमा/Credited in profit sharing ratio
Step 1
Concept
Credit balance of profit and loss account is accumulated profit. Credit it to capital accounts in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. लाभ-विभाजन अनुपात में जमा / Credited in profit sharing ratio. Credit balance of profit and loss account is accumulated profit. Credit it to capital accounts in the profit sharing ratio.
Step 3
Exam Tip
लाभ-हानि खाते का जमा शेष संचित लाभ है। इसे पूंजी खातों में लाभ-विभाजन अनुपात से जमा करें।
A. पूंजी खाते नामित होंगे/Capital accounts are debited
Step 1
Concept
Realisation loss reduces capital, so capital accounts are debited. Loss is also shared in the profit sharing ratio.
Step 2
Why this answer is correct
The correct answer is A. पूंजी खाते नामित होंगे / Capital accounts are debited. Realisation loss reduces capital, so capital accounts are debited. Loss is also shared in the profit sharing ratio.
Step 3
Exam Tip
प्राप्ति हानि पूंजी घटाती है इसलिए पूंजी खातों को नामित किया जाता है। हानि भी लाभ-विभाजन अनुपात में बांटी जाती है।
A. हमेशा अलग रखा जाता है/It is always kept separate
Step 1
Concept
A partner's loan is treated like a liability of the firm and paid separately from capital. Do not mix loan and capital in exams.
Step 2
Why this answer is correct
The correct answer is A. हमेशा अलग रखा जाता है / It is always kept separate. A partner's loan is treated like a liability of the firm and paid separately from capital. Do not mix loan and capital in exams.
Step 3
Exam Tip
साझेदार का ऋण फर्म की बाहरी देनदारी जैसा माना जाता है और पूंजी से अलग चुकाया जाता है। परीक्षा में ऋण और पूंजी को न मिलाएं।
Realisation account gives the result of assets and liabilities. Its profit or loss is then transferred to capital accounts.
Step 2
Why this answer is correct
The correct answer is A. प्राप्ति खाता / Realisation Account. Realisation account gives the result of assets and liabilities. Its profit or loss is then transferred to capital accounts.
Step 3
Exam Tip
प्राप्ति खाते से संपत्तियों और देनदारियों का परिणाम निकलता है। फिर उसका लाभ या हानि पूंजी खातों में बांटी जाती है।
A. क्योंकि यह साझेदार के व्यक्तिगत ऋण खाते में निपटता है/Because it is settled through partner's loan account
Step 1
Concept
Partner's loan remains in a separate account and is paid through Bank. Realisation Account is for external liabilities.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह साझेदार के व्यक्तिगत ऋण खाते में निपटता है / Because it is settled through partner's loan account. Partner's loan remains in a separate account and is paid through Bank. Realisation Account is for external liabilities.
Step 3
Exam Tip
साझेदार का ऋण अलग खाते में रहता है और भुगतान बैंक से उस खाते को किया जाता है। वसूली खाता बाहरी देनदारियों के लिए है।
A. वसूली खाते के डेबिट में/Debit of Realisation Account
Step 1
Concept
Payment of unrecorded liability is debited to Realisation Account. It reduces realisation profit.
Step 2
Why this answer is correct
The correct answer is A. वसूली खाते के डेबिट में / Debit of Realisation Account. Payment of unrecorded liability is debited to Realisation Account. It reduces realisation profit.
Step 3
Exam Tip
अलिखित देनदारी का भुगतान वसूली खाते के डेबिट में दर्ज होता है। यह वसूली लाभ को घटाता है।
Realisation expenses paid by the firm are debited to Realisation Account. They reduce realisation profit.
Step 2
Why this answer is correct
The correct answer is A. डेबिट पक्ष / Debit side. Realisation expenses paid by the firm are debited to Realisation Account. They reduce realisation profit.
Step 3
Exam Tip
फर्म द्वारा दिए गए वसूली खर्च वसूली खाते के डेबिट में जाते हैं। ये खर्च वसूली लाभ को घटाते हैं।
A. लेनदार डेबिट और बैंक क्रेडिट/Creditors debit and Bank credit
Step 1
Concept
Payment of external liability is shown on the debit side of Realisation Account. The liability is first transferred to Realisation Account.
Step 2
Why this answer is correct
The correct answer is A. लेनदार डेबिट और बैंक क्रेडिट / Creditors debit and Bank credit. Payment of external liability is shown on the debit side of Realisation Account. The liability is first transferred to Realisation Account.
Step 3
Exam Tip
बाहरी देनदारी का भुगतान वसूली खाते के डेबिट में दिखाया जाता है। पहले देनदारी वसूली खाते में स्थानांतरित की जाती है।
A. मशीनरी 80000 डेबिट और बैंक 62000 क्रेडिट/Machinery ₹80000 debit and Bank ₹62000 credit
Step 1
Concept
Book value of asset is debited to Realisation Account and sale proceeds are credited. The difference automatically becomes realisation profit or loss.
Step 2
Why this answer is correct
The correct answer is A. मशीनरी 80000 डेबिट और बैंक 62000 क्रेडिट / Machinery ₹80000 debit and Bank ₹62000 credit. Book value of asset is debited to Realisation Account and sale proceeds are credited. The difference automatically becomes realisation profit or loss.
Step 3
Exam Tip
संपत्ति का पुस्तक मूल्य वसूली खाते के डेबिट में और बिक्री राशि क्रेडिट में जाती है। अंतर अपने आप वसूली लाभ या हानि में आता है।
A. संपत्तियों और बाहरी देनदारियों के निपटान से लाभ या हानि निकालना/To find profit or loss from settlement of assets and external liabilities
Step 1
Concept
Realisation Account shows profit or loss on sale of assets and payment of external liabilities. In exams keep it separate from capital accounts.
Step 2
Why this answer is correct
The correct answer is A. संपत्तियों और बाहरी देनदारियों के निपटान से लाभ या हानि निकालना / To find profit or loss from settlement of assets and external liabilities. Realisation Account shows profit or loss on sale of assets and payment of external liabilities. In exams keep it separate from capital accounts.
Step 3
Exam Tip
वसूली खाता संपत्तियों के विक्रय और देनदारियों के भुगतान से लाभ या हानि दिखाता है। परीक्षा में इसे पूंजी खाते से अलग रखें।
If no payment is made no entry is recorded in Realisation Account. Focus on actual settlement in such questions.
Step 2
Why this answer is correct
The correct answer is A. कोई प्रविष्टि नहीं / No entry. If no payment is made no entry is recorded in Realisation Account. Focus on actual settlement in such questions.
Step 3
Exam Tip
भुगतान न होने पर साकारण खाते में कोई प्रविष्टि नहीं की जाती। प्रश्न में वास्तविक भुगतान पर ध्यान दें।
