Question:
Match List I with List II LIST I
LIST II
A Only Capital A/c exist I Credited to partner's capital account B Capital account balance remain unchanged II Debited to Partner's Capital Account C Fresh/additional capital brought in by partner III Fixed Capital Account D Permanent withdrawal IV Fluctuating Capital Account
Choose the correct answer from the options given below:
Match List I with List II
Choose the correct answer from the options given below:
LIST I | LIST II | ||
|---|---|---|---|
| A | Only Capital A/c exist | I | Credited to partner's capital account |
| B | Capital account balance remain unchanged | II | Debited to Partner's Capital Account |
| C | Fresh/additional capital brought in by partner | III | Fixed Capital Account |
| D | Permanent withdrawal | IV | Fluctuating Capital Account |
Choose the correct answer from the options given below:
Updated On: Mar 27, 2025
- A-I, B-II, C-III, D-IV
- A-II, B-III, C-IV, D-I
- A-IV, B-III, C-I, D-II
- A-III, B-IV, C-I, D-II
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
The correct option is (C): A-IV, B-III, C-I, D-II
Was this answer helpful?
0
0
Top Questions on Capital Account
- The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as ___.
- CBSE CLASS XII - 2025
- Accountancy
- Capital Account
- Kajal and Laura were partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Maddy for \( \frac{1}{4} \) share in future profits. Maddy brought ₹ 8,00,000 as his capital and ₹ 4,00,000 as his share of premium for goodwill. Kajal, Laura and Maddy decided to share profits in future in the ratio of 2 : 1 : 1. After all adjustments in respect of goodwill, revaluation of assets and liabilities etc. Kajal’s capital was ₹ 15,00,000 and Laura’s capital was ₹ 8,00,000. It was agreed that partners’ capitals should be in proportion to their new profit sharing ratio. The cash brought in to adjust the capital was made by bringing in or withdrawing the necessary cash as the case may be. The cash brought in by Kajal was:
- CBSE CLASS XII - 2025
- Accountancy
- Capital Account
- According to Securities and Exchange Board of India (SEBI) guidelines, minimum subscription of capital cannot be less than 90 of:
- CBSE CLASS XII - 2025
- Accountancy
- Capital Account
- Need for valuation of goodwill arises in the following circumstances:
(A) Admission of a new partner
(B) Change in profit sharing ratio among the existing partners
(C) Dissolution of the partnership firm involving sale of business as a going concern
(D) Death of a partner
Choose the correct answer from the options given below:- CUET (UG) - 2024
- Accountancy
- Capital Account
- Balance Sheet provides information about the financial position of the enterprise:
- CUET (UG) - 2024
- Accountancy
- Capital Account
View More Questions
Questions Asked in CUET exam
Rearrange the following parts to form a meaningful and grammatically correct sentence:
P. a healthy diet and regular exercise
Q. are important habits
R. that help maintain good physical and mental health
S. especially in today's busy world- CUET (UG) - 2025
- Sentence Arrangement
- If vectors $ \mathbf{u}, \mathbf{v}, $ and $ \mathbf{w} $ satisfy $ \mathbf{u} + \mathbf{v} + \mathbf{w} = 0 $, and $ \mathbf{u} $ and $ \mathbf{v} $ are unit vectors, while $ |\mathbf{w}| = \sqrt{3} $, then the angle between $ \mathbf{v} $ and $ \mathbf{w} $ is:
- CUET (UG) - 2025
- Vector Algebra
- The feasible region is bounded by the inequalities: \[ 3x + y \geq 90, \quad x + 4y \geq 100, \quad 2x + y \leq 180, \quad x, y \geq 0 \] If the objective function is $ Z = px + qy $ and $ Z $ is maximized at points $ (6, 18) $ and $ (0, 30) $, then the relationship between $ p $ and $ q $ is:
- CUET (UG) - 2025
- Linear Programming
- What is the angle between the hour and minute hand at 3:30?
- CUET (UG) - 2025
- Clock and Calendar
- A number is increased by 25% and then decreased by 20%. What is the net % change?
- CUET (UG) - 2025
- Percentage
View More Questions