2. Sample Papers
  3. 12th Class
  4. Accountancy

12th Class Accountancy Sample Paper Accountancy - Sample Paper-1

  • question_answer
    The accountant of GT Ltd having two partners Geetika and Tushar passed a journal entry to distribute workmen compensation reserve as credit workmen compensation reserve account and debit partners' capital account. Is the treatment correct?

    Answer:

    No, the treatment is incorrect. Correct Entry
    Date Particulars LF Amt (Dr) Amt (Cr)
    Workmen Compensation Reserve A/c Dr
    To Geetika?s Capital A/c
    To Tushar?s Capital A/c


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