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प्रश्न
Vihaan and Mann are partners sharing profits and losses in the ratio of 3 : 2. The firm maintains fluctuating capital accounts and the balance of the same as on 31st March 2022 is ₹ 4,00,000 and ₹ 4,65,000 for Vihaan and Mann respectively. Drawings during the year were ₹ 65,000 each. As per the partnership Deed, Interest on capital @ 10% p.a. on Opening Capital has been allowed to them. Calculate the opening capital of Vihaan given that the divisible profits during the year 2021-22 were ₹ 2,25,000.
विकल्प
₹ 3,30,000
₹ 4,40,000
₹ 4,00,000
₹ 3,00,000
उत्तर
₹ 3,00,000
संबंधित प्रश्न
Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3:2. During the year ended 31-3-2015 Nusrat had withdrawn Rs.15,000. Interest on her drawings amounted to Rs.300. Pass necessary journal entry for charging interest on drawing assuming that the capitals of the partners were fixed.
Distinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital Account’ on the basis of credit balance
Answer briefly of the following question :
Give the adjusting entry and closing entry for interest on loan taken by a partner from the firm, when the firm
follows the Fluctuating Capital Method.
Give the word / term or phrase which can substitute the following statement.
Method of Capital account in which capital balances of partners changes every year?
Give the word / term or phrase which can substitute the following statement.
Capital method in which partner’s current account is opened.
Give the word / term or phrase which can substitute the following statement.
Under this method capital balances of partner remain constant.
State whether the following statement are True or False.
Partner’s current account is opened when fluctuating capital method is adopted.
The balance of Drawings Account of a partner is transferred to his _______ account under the Fixed Capital Method.
Answer in one sentence only.
When is Partners Current Account is opened?
State whether the following statement is True or False with reasons:
Adjustments are recorded in Partners Current Account in Fixed Capital Method.
Write the word/phrase/term, which can substitute the following sentence.
Under this method capital balances of partners remains constant.
Answer in one sentence only:
What is fluctuating capital?
Answer in one sentence only:
What is fluctuating capital?
What is fluctuating capital?
Answer in one sentence only:
What is fluctuating capital?
Answer in one sentence only:
What is fluctuating capital ?
